Fenderson Incorporated makes a single product--a cooling coil used in commercial refrigerators.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: 
The company incurred a total of $370,077 in manufacturing overhead cost during the year.
Required:
a.Compute the variable component of the company's predetermined overhead rate.
b.Compute the fixed component of the company's predetermined overhead rate.
c.Compute the company's predetermined overhead rate.
d.Determine whether overhead was underapplied or overapplied for the year and by how much.
Definitions:
Gradient Formation
The process by which a concentration gradient of a particular molecule or ion is established, often across a biological membrane.
Electron Transport System
A series of complexes that transfer electrons through a membrane to create a gradient used for ATP production.
ATP
Adenosine triphosphate, a crucial molecule in cellular energy transfer that drives various biological processes by providing energy.
Oxygen
A chemical element (O) essential for aerobic respiration in living organisms and accounting for about 21% of Earth's atmosphere.
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