The condensed form of Nordstrop Companys flexible budget for manufacturing overhead follows:

The condensed form of Nordstrop Company's flexible budget for manufacturing overhead follows: Cost Formula Machine-Hours 9,000 $ 11,200 12,600 $14,000 Overhead Costs (per machine-hour) 8,000 10,000 1.40 Variable cost Fixed cost 16,800 16,800 16,800 Total overhead cost $ 28,000 $29,400 $30,800 The following information is available for a recent period a. The denominator activity of 8,000 machine-hours was chosen to compute the predetermined overhead rate b. At the 8,000 standard machine-hours level of activity, the company should produce 4,000 units of product c. The company's actual operating results were as follows Number of units produced Actual machine-hours Actual variable overhead costs Actual fixed overhead costs 4,300 8,800 $12,500 $17,000 Required: 1. Compute the predetermined overhead rate and break it down into variable and fixed cost elements (Round your answers to 2 decimal places.) Predetermined overhead rate Variable rate Fixed rate per MH per MH per MH