Different loan rates. Winthrop Enterprises is a holding company​ (a firm that owns all or most of some other​ companies' outstanding​ stock). Winthrop has four subsidiaries. Each subsidiary borrows capital from the parent company for projects. Ervin Company is successful with its projects ​% of the​ time, Morten Company ​% of the​ time, Richmond Company of the​ time, and Garfield Company ​% of the time. What loan rates should Winthrop Enterprises charge each subsidiary for​ loans? What loan rate should Winthrop Enterprises charge Ervin Company for​ loans?

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.