Fixed Overhead Rate; Denominator Level; Two-Variance Analysis Overhead information for Cran-Mar Company for October follows: What is the standard fixed factory overhead rate per machine-hour What is the denominator activity level that was used to establish the fixed overhead application rate Prepare a diagram such as the one in Exhibit 15.7. Panel 3, to calculate the following overhead variances for October: Total flexible-budget variance for factory overhead. Fixed overhead production volume variance. Total factory overhead cost variance. Performance Reporting: The Use of Standard Cost Variance Information You have been hired recently as the cost accountant for the consumer products division of Zobel Manufacturing