Walkenhorst Company's machining department prepared its 2022 budget based on the following data: The department uses machine hours to apply factory overhead to production. In 2022, the department used 86,100 machine hours and incurred $545,000 in total manufacturing overhead cost to manufacture 42,100 units. Actual fixed overhead cost for the year was $290,000 Required: Determine for the year: 1. The fixed, variable, and total factory overhead application rates (per machine hour). (Round your onswers to 2 decimal ploces.) 2. The total flexible budget, for factory overhead cost based on output achieved in 2022 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 (U). 6. The vatiable overhead spending variance and the fixed overhead spending variance. State whether each variance is favorable (F) or unfavorable (U)