Q.1. ABC manufacturing company has following information for March 2019. Budgeted FOH for 10,000 hours $ 30,000 Budgeted FOH for 16,000 hours $ 42,000 FOH applied rate for $ 3 per hour Actual hours worked 15,000 hours Actual Factory overhead $ 44,000 Required: 1. Determine the fixed portion of the factory overhead application rate. 2. Determine the Variable portion of the factory overhead application rate 3. Determine the Spending and Idle capacity variance 4. Is factory overhead for March is over or under applied, and by how much? 5. Verify your