Norwall Company's variable manufacturing overhead should be $1.90 per standard machine-hour and its fixed manufacturing overhead should be $87,000 per month.

The following information is available for a recent month:

a.	The denominator activity of 34,800 machine-hours is used to compute the predetermined overhead rate.
b.	At the 34,800 standard machine-hours level of activity, the company should produce 12,000 units of product.
c.	The companys actual operating results were:

Number of units produced		12,930
Actual machine-hours		36,030
Actual variable manufacturing overhead cost	$	72,060
Actual fixed manufacturing overhead cost	$	85,300

Required: 1. Compute the predetermined overhead rate and break it down into variable and fixed cost elements. the predetemined overhead rate and break It doun into vaiable and tred cost elements. Round your answers to 2 decimal places.) Predetermined overhead rate Variable element Fixed element per MH per MH per MH 2. Compute the standard hours allowed for the actual production. Standard hours MHs