Walkenhorst Company's machining department prepared its 2019 budget based on the following data: Practical capacity Standard machine hours per unit Standard variable factory overhead Budgeted fixed factory overhead 10,000 units 2 $3.00 per machine hour $312,000 The department uses machine hours to apply factory overhead to production. In 2019, the department used 86.500 machine hours and incurred $585.000 in total manufacturing overhead cost to manufacture 42,140 units. Actual fixed overhead cost for the year was $327.000 Required: Determine for the year 1 The fixed, variable, and total factory overhead application rates (per machine hour (Round your answers to 2 decimal places.) 2. The total flexible budget for factory overhead cost based on output achieved in 2019, 3. The production volume variance State whether this variance was favorable (F) or unfavorable (U). 4. The total overhead spending variance. State whether this variance was favorable (F) or unfavorable (U). 5, The overhead efficiency variance. State whether this variance was favorable (F) or unfavorable (0) 6. The variable overhead spending variance and the fixed overhead spending varlance. State whether each variance is favorable (Fon unfavorable (0) Required: Determine for the year: 1. The fixed, variable, and total factory overhead application rates (per machine hour). (Round your answers to 2 decimal places.) 2. The total flexible budget for factory overhead cost based on output achieved in 2019, 3. The production volume variance. State whether this variance was favorable (or unfavorable (U). 4. The total overhead spending variance. State whether this variance was favorable (F) or unfavorable (U). 5. The overhead efficiency variance. State whether this variance was favorable (F) or unfavorable (U). 6. The variable overhead spending variance and the fixed overhead spending variance. State whether each variance is favorable (for unfavorable (U). 1 Fixed overhead application rate Vanable overhead application rate Total factory overhead application rate 2. Total flexible budget for overhead cost 3. Production volume variance 4 Total overhead spending variance 5. Overhead efficiency variance 6. Variable overhead spending variance Fixed overhead spending variance