The following information was taken from the annual manufacturing overhead cost budget of Fernetti Company:

Variable manufacturing overhead costs		$47,000
Fixed manufacturing overhead costs		$21,620
Normal production level in labour hours		18,800
Normal production level in units		4,700
Standard labour hours per unit		4

During the year, 4,200 units were produced, 17,000 hours were worked, and the actual manufacturing overhead was $64,020. Actual fixed manufacturing overhead costs equalled the budgeted fixed manufacturing overhead costs. Overhead is applied based on direct labour hours.Calculate the total, fixed, and variable predetermined manufacturing overhead rates. (Round answers to 2 decimal places, e.g. 15.25.)

		Rate
Variable manufacturing overhead		$
Fixed manufacturing overhead		$
Total manufacturing overhead		$

Calculate the total, budget, and volume overhead variances.

Total overhead variance		$	UnfavourableNeither favourable nor unfavourableFavourable
Budget overhead variance		$	Neither favourable nor unfavourableFavourableUnfavourable
Volume overhead variance		$	UnfavourableNeither favourable nor unfavourableFavourable

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