Norwall Company’s budgeted variable manufacturing overhead cost is $3.00 per machine-hour and its budgeted fixed manufacturing overhead is $300,000 per month.

The following information is available for a recent month:

(a) The denominator activity of 60,000 machine-hours is used to compute the predetermined overhead rate.
(b) At a denominator activity of 60,000 machine-hours, the company should produce 40,000 units of product.
(c) The company’s actual operating results were:

Number of units produced . . . . . . . . . . . . . . . . . . . . . . . . . 42,000
Actual machine-hours . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64,000
Actual variable manufacturing overhead cost . . . . . . . . . $185,600
Actual fixed manufacturing overhead cost . . . . . . . . . . . $302,400

Required:
(1) Compute the predetermined overhead rate and break it down into variable and fixed cost elements.
(2) Compute the standard hours allowed for the actual production.

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