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(Appendix 11A)Coblentz Fabrication Corporation Has a Standard Cost System in Which

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(Appendix 11A) Coblentz Fabrication Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs) at $6.20 per MH.The company had budgeted its fixed manufacturing overhead cost at $40, 000 for the month.During the month, the actual total variable manufacturing overhead was $48, 970 and the actual total fixed manufacturing overhead was $43, 000.The actual level of activity for the period was 8, 300 MHs.What was the total of the variable overhead rate and fixed manufacturing overhead budget variances for the month?

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