Hargett Incorporated makes a single product--an electrical motor used in many long-haul trucks.The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period.Data concerning the most recent year appear below: 
Required:
a.Determine the variable overhead rate variance for the year.
b.Determine the variable overhead efficiency variance for the year.
c.Determine the fixed overhead budget variance for the year.
d.Determine the fixed overhead volume variance for the year.
e.Determine whether overhead was underapplied or overapplied for the year and by how much.
Definitions:
Network Adapter
A hardware device that enables a computer to communicate over a network, typically using Ethernet or Wi-Fi connections.
Physical Address
A hardware address that uniquely identifies each device on a network, also known as a MAC address in the context of Ethernet networks.
Light Waves
Light waves perceptible by the human eye that enable the sense of vision.
Cost-Effective
An attribute of a process, product, or service that provides good value or return for the amount spent.
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