Please answer all sections and please show all work.

Norwall Company's variable manufacturing overhead should be $1.95 per standard machine-hour and its fixed manufacturing overhead should be $51,336 per month.

The following information is available for a recent month:

a.	The denominator activity of 28,520 machine-hours is used to compute the predetermined overhead rate.
b.	At the 28,520 standard machine-hours level of activity, the company should produce 12,400 units of product.
c.	The companys actual operating results were:

Number of units produced

13,390

Actual machine-hours

29,780

Actual variable manufacturing overhead cost

$

53,604

Actual fixed manufacturing overhead cost

$

50,900

Required:

1.

Compute the predetermined overhead rate and break it down into variable and fixed cost elements.

Predetermined overhead rate

Variable element

fixed element

2.

Compute the standard hours allowed for the actual production.

3.

Compute the variable overhead rate and efficiency variances and the fixed overhead budget and volume variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Variable overhead rate variance Variable overhead efficiency variance Fixed overhead budget variance Fixed overhead volume variance