$[$URGENT$]$ The condensed form of Nordstrop Company's flexible budget for manufacturing overhead follows:

The following information is avallable for a recent perlod:

a$.$ The denominator actlvity 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:

Required.

Compute the predetermined overhead rate and break it down Into varlable and fixed cost elements. $($Round your answers to $2$

decimal places.$)$

$2$ What were the standard hours allowed for the year's actual output? $($Do not round intermediate calculations.$)$

Compute the varlable overhead spending and efficlency varlances and the fixed overhead budget and volume varlances. $($Do not

round intermediate calculations. Round your answers to $2$ decimal places. Indicate the effect of each variance by selecting $"$F$"$ for

favourable, $"$U$"$ for unfavourable, and "None" for no effect $($L$.$e$.,$ zero varlance$).)$