Norwall Companys budgeted variable manufacturing overhead cost is $1.35 per machine-hour and its budgeted fixed manufacturing overhead is $24,354 per month.

The following information is available for a recent month:

The denominator activity of 11,880 machine-hours is used to compute the predetermined overhead rate.

At a denominator activity of 11,880 machine-hours, the company should produce 4,400 units of product.

The companys actual operating results were:

Number of units produced		5,680
Actual machine-hours		13,320
Actual variable manufacturing overhead cost	$	19,980
Actual fixed manufacturing overhead cost	$	27,200

Required:

1. Compute the predetermined overhead rate and break it down into variable and fixed cost elements. (Round your answers to 2 decimal places.)

2. Compute the standard hours allowed for the actual production.

3. Compute the variable overhead rate and efficiency variances and the fixed overhead budget and volume variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Round your intermediate calculations and final answers to 2 decimal places.)