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According to the company's flexible budget, the following overhead costs should be incurred at an activity level of 18,000 machine hours (the denominator activity level chosen for the year: Variable sanufacturing overhead cost Fixed manufacturing overhead cost Total manufacturing overhead cost 27,000 54,000 181,000 During the year, the following operating results were recorded Actual machine-hours worked Standard nachine-hours allowed Actual variable manufacturing overhead cost incurred Actual fixed manufacturing overhead cost incurred 15,000 16,800 24,000 E52,000 At the end of the year, the company's manufacturing overhead account contained the following data: Manufacturing Overhead Actual costs 76,000 Applied costs 72,000 Management would like to determine the cause of the 4,000 underapplied overhead. Required: 1. Compute the predetermined overhead rate for the year, Break it down into variable and fixed cost elements. (Round your answers to 2 decimal places) Prietainedovedrate Vantate Der MH DO MH Der MH Predetermined overhead rate Variable rate Foredrate per MH per MH per MH 2. This part of the question is not part of your Connect assignment. 3. Analyze the 4,000 underapplied overhead figure in terms of the variable overhead spending and efficiency variances and the filed 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).) Verification of variances Variable overhead spending variance Variable overhead efficiency variance Fored overhead budget variance Faced overhead volume variance Underapplied overhead U

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