Please answer the following question in proper format that is easy to follow and understand please.

The condensed form of Nordstrop Company's flexible budget for manufacturing overhead follows: Cost 1 Formula MachineHours }\"ns (per machine . Overhead Costs hour) 7,569 8,566 9,566 Varlable cost $1.95 $ 14,625 $ 16,575 $ 18,525 Fixed cost 24,990 24,966 24,966 930\" Total overhead cost $ 38,625 $ 49,575 $ 42,525 Eeferences ' \" The following information is available for a recent period: a. The denominator activity of 7,500 machine-hours was chosen to compute the predetermined overhead ratel} b. At the 7,500 standard machine-hours level of activity, the company should produce 1,250 units of product. c. The company's actual operating results were as follows: Number of units produced 1,556 Actual machine-hours 9,666 Actual variable overhead costs $ 16,666 Actual fixed overhead costs $ 23,666 Required: decimal places.) 1. Compute the predetermined overhead rate and break it down into variable and fixed cost elements. (Round your answers to 2 Predetermined overhead rate per MH Variable rate per MH Fixed rate per MH 2. What were the standard hours allowed for the year's actual output? (Do not round intermediate calculations.) Standard hours for actual production MHs arch O3. Compute the variable overhead spending and efficiency variances and the fixed overhead budget and volume variances. (Do not round intermediate calculations. Round your answers to 2 decimal places. Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) Variable overhead spending variance Variable overhead efficiency variance Fixed overhead budget variance Fixed overhead volume variance earch