The condensed form of Nordstrop Company's flexible budget for manufacturing overhead follows: Overhead Costs Variable cost Cost Formula (per machine- hour) $1.80 Fixed cost Total overhead cost 6,000 Machine-Hours 7,000 8,000 $ 10,800 $ 12,600 $14,400 17,400 17,400 17,400 $ 28,200 $30,000 $ 31,800 The following information is available for a recent period: a. The denominator activity of 6,000 machine-hours was chosen to compute the predetermined overhead rate. b. At the 6,000 standard machine-hours level of activity, the company should produce 1,200 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 1,500 7,100 $ 11,431 $ 19,000 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