Required information

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ACME manufacturing is a low$-$cost producer of a single, commodity product: RGL$-01.$ Standard overhead cost information

for one unit of this product is presented below:

Required:

Calculate the fixed overhead application rate per machine hour using $($a$)$ budgeted output, $($b$)$ normal capacity, and $($c$)$ practical

capacity. $($Round your answers to $2$ decimal places.$)$

What is the total overhead application rate per machine hour for each of the three choices identified in requirement $1?($Round your

answers to $2$ decimal places.$)$

What is the total overhead variance for the year when the overhead application rate per machine hour is determined under each of

the following options: $($a$)$ budgeted output, $($b$)$ normal capacity, and $($c$)$ practical capacity? Indicate whether each variance is favorable

$($F$)$ or unfavorable $($U$).($Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.$)$

Answer is complete but not entirely correct.