The condensed form of Nordstrop Company's flexible budget for manufacturing overhead follows: Overhead Costs Variable cost Fixed cont Total overhead cont Cost Formula (par machine- hour) $1.25 The following information is available for a recent period: Machine-Hours 6,500 7,500 8.500 $8,125 $9,375 $10,625 11,700 11,700 11,700 $19,825 $21,075 $22,325 a. The denominator activity of 6,500 machine-hours was chosen to compute the predetermined overhead rate. b. At the 6,500 standard machine-hours level of activity, the company should produce 3,250 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 3,550 7,000. $ 8,960 $12,000 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 MA per MH