(1) Required information (The following information applies fo the questions displinged below). Sedona Company set the following standard costs for one unit of its product for this year. The $6.40 (\$4.40+\$2.00) total overhead rate per direct labor hour (DUH) is based on a predicted activity level of 40.500 units, which is 75 of the factorys capachy of 54,000 units per month. The following monehly fiexible budget inflormation is avaliable. During the cument month, the company operated at 70% of capacity, direct labor of 365,000 hours were used, and the following actual overhead costs were incurred. Netul variable overtead actusl ficed nwertiead Netaal total orerhead AH = Actual Hous 5H - Standard Hours AVR= Actual Variable Rate SVR = Standerd Variable Rate 1. Compute the variable overhead spending and efficiency variances. 2. Compute the fined overhead spending and volume variances. 3. Compute the controlable variance. Complete this question by entering your answers in the tabs below. Required information Total overhesd $2,473,20052,592,00052,710,100 Ouring the current month, the compary operated at 70% of capacty, direct labor of 365,000 hours were used, and the following actual overhead costs were incurred. setwal variable overbead Actial f ixed arerhead Actual total averheid AH=ActualHournSH=StandardHoursAVR=ActualVariableRateSVR=StandardVarlableRate 1. Compute the variable overhead spending and efficiency variances: 2. Compute the fixed overheod spending and volume variances. 3. Compute the controllable variance. Complete this question by entering your answers in the tabs below. Required 1 decimal places.) Required information Total overhead $2,473,200$2,592,000$2,710,800 During the current month, the company operated at 70% of capacity, direct labor of 365,000 hours were used, and the following actual overhead costs were incurred. actunl variable overhead Actual fixod overhead Actual total overhead $1,625,000854,000$2,479,000 AH = Actual Hours SH= Standard Hours AVR = Actual Variable Rate SVR= Standard Variable Rate 1. Compute the variable overhead spending and efficiency variances. 2. Compute the fixed overhead spending and volume variances. 3. Compute the controllable variance. Complete this question by entering your answers in the tabs below. \begin{tabular}{llll} Required 1 & Required 2 & Required 3 \\ \hline \end{tabular} Compute the controllable variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)