The condensed form of Nordstrop Company's flexible budget for manufacturing overhead follows Cost Formula Overhead Costs Variable cost (per machine- hour) $1.40 Fixed cost Total overhead cost 8,000 Machine-Hours 9,000 10,000 $ 11,200 $12,600 $ 14,000 16,800 16,800 16,800 $ 28,000 $29,400 $30,800 A 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 decimal places.) < Prev 4 of 9 Next > Q Search L