Norwall Companys budgeted variable manufacturing overhead cost is $1.40 per machine-hour and its budgeted fixed manufacturing overhead is $57,288 per month.

The following information is available for a recent month:

1. The denominator activity of 20,460 machine-hours is used to compute the predetermined overhead rate.
2. At a denominator activity of 20,460 machine-hours, the company should produce 9,300 units of product.
3. The companys actual operating results were:

Number of units produced		10,040
Actual machine-hours		21,330
Actual variable manufacturing overhead cost	$	61,857
Actual fixed manufacturing overhead cost	$	53,400

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.

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