Current Attempt in Progress The information shown below was taken from the annual manufacturing overhead cost budget of Waterway Company Variable manufacturing overhead costs $24,000 $14,400 Fixed manufacturing overhead costs Normal production level in labor hours 9,600 Normal production level in units 4,800 Standard labor hours per unit 2 During the year, 4,600 units were produced, 15,900 hours were worked, and the actual manufacturing overhead was $38,500. Actual fixed manufacturing overhead costs equaled budgeted fixed manufacturing overhead costs. Overhead is applied on the basis of direct labor hours. P (a) Your answer is correct. Compute the total, fixed, and variable predetermined manufacturing overhead rates. (Round answers to 2 decimal places, e.g. 1.25.) Item Predetrmeined Overhead Rate Variable overhead $ 25 Fixed overhead 1.5 Total overhead $ TA 40 e Textbook and Media Attempts: 1 of 10 used (b) Your answer is partially correct. Compute the total, controllable, and volume overhead variances. Total overhead variance $ -1700 i Unfavorable Overhead controllable variance $ Unfavorable Overhead volume variance $ $ Unfavorable eTextbook and Media Assistance Used