(1} Compute lhe predetermined overhead application rate per hour for total overhead, variable overhead, and xed overhead. Variable overhead costs Fixed overhead costs Total overhead costs (2) Compute the total variable and total xed overhead variances and classify each as favorable or unfavorable. (Indicate lhe eect of each variance by selecng for favorable, unfavorable, and no variance. Round "Rate per hour" answers to 2 decimal places.) Variable overhead costs Fixed overhead costs Total overhead cosls