Norwall Companys budgeted variable manufacturing overhead cost is $1.35 per machine-hour and its budgeted fixed manufacturing overhead is $101,568 per month.

The following information is available for a recent month:

1. The denominator activity of 29,440 machine-hours is used to compute the predetermined overhead rate.
2. At a denominator activity of 29,440 machine-hours, the company should produce 12,800 units of product.
3. The companys actual operating results were:

Number of units produced		13,490
Actual machine-hours		30,190
Actual variable manufacturing overhead cost	$	36,228
Actual fixed manufacturing overhead cost	$	102,200

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.)

per MH 1. Predetermined overhead rate Variable element per MH Fixed element per MH MHS 2. Standard hours allowed for the actual production 3. Variable overhead rate variance Variable overhead efficiency variance Fixed overhead budget variance Fixed overhead volume variance