Two Little Chipmunks, Inc. produces a single product and uses a standard costing system applying manufacturing overhead based on standard machine-hours allowed for actual output. At the end of the year, the company reported results below for fixed manufacturing overhead (FMOH) FMOH budget variance FMOH volume variance $1,038 Unfavorable $2,013 Favorable Which of the following statements is true regarding FMOH? Multiple Choice It was overapplied by $3,051 It was underapplied by $3,051. O oo C) It was overapplied by $975. Rick & Morty's manufactures a product with the following unit standards related to direct labor. Standard hours Standard rate 5 labor-hours per unit $12 per labor-hour Partial production data for the most recent month are shown below: Actual Production (units) Direct labor hours Budget 850 4,250 960 An analysis of results for the month included the following variances: Direct labor rate variance Direct labor efficiency variance $4,104 Favorable $5,760 Favorable What was the actual rate paid per labor-hour? (Choose the closest answer) Multiple Choice