Norwall Company's variable The following information is available for a recent month: a The denominator activity of 8,840 machine-hours is used to compute the predetermined overhead rate. b. At the 8,840 standard machine-hours level of activity, the company should produce 3,400 units of product c. The company's actual operating results were: 4,360 9.970 Actual variable Actual fixed cost $ 30,000 Required 1. Compute the overhead rate and break it down into variable and fixed cost elements. (Round your answers to 2 per MH per MH MHs