URGENT The condensed form of Nordstrop Company's flexible budget for manufacturing overhead follows:
The following information is avallable for a recent perlod:
a The denominator actlvity of machinehours was chosen to compute the predetermined overhead rate.
b At the standard machinehours level of activity, the company should produce units of product.
c The company's actual operating results were as follows:
Required.
Compute the predetermined overhead rate and break it down Into varlable and fixed cost elements. Round your answers to
decimal places.
What were the standard hours allowed for the year's actual output? Do not round intermediate calculations.
Compute the varlable overhead spending and efficlency varlances and the fixed overhead budget and volume varlances. Do not
round intermediate calculations. Round your answers to decimal places. Indicate the effect of each variance by selecting F for
favourable, U for unfavourable, and "None" for no effect Le zero varlance
