Norwall Company's variable manufacturing overhead should be $1.30 per standard machine-hour and its fixed manufacturing overhead should be $26,040 per month The following information is available for a recent month: a. The denominator activity of 8,400 machine-hours is used to compute the predetermined overhead rate. b. At the 8,400 standard machine-hours level of activity, the company should produce 4,000 units of product c. The company's actual operating results were Number of units produced Actual machine-hours Actual variable manufacturing overhead cost Actual fixed manufacturing overhead cost 5,240 9,060 $ 10,419 $ 28,300 Required: 1. Compute the predetermined overhead rate and break it down into variable and fixed cost elements. Remaute the predetermined ovetiead ate and break It don into variable and fred cost oloments. Round your answers to 2 decimal places.) Predetermined overhead rate Variable element Fixed element per MH per MH per MH