10 2 points eBook Hint Print References Mc Graw Required information [The following information applies to the questions displayed below] Sedona Company set the following standard costs for one unit of its product for this year. Direct material (20 pounds @ $2.50 per pound) Direct labor (10 hours @ $22.00 per DLH) Variable overhead (10 hours @ $4.00 per DLH) Fixed overhead (10 hours @ $1.60 per DLH) Standard cost per unit The $5.60 ($4.00+ $1.60) total overhead rate per direct labor hour (DLH) is based on a predicted activity level of 37,500 units, which is 75% of the factory's capacity of 50,000 units per month. The following monthly flexible budget information is available. Flexible Budget Budgeted production (units) Budgeted direct labor (standard hours) Budgeted overhead Variable overhead Fixed overhead Total overhead Actual variable overhead Actual fixed overhead Actual total overhead AH = Actual Hours SH Standard Hours AVR Actual Variable Rate 80% Operating Levels (% of capacity) 70% 75% 37,500 375,000 35,000 350,000 40,000 400,000 $ $ 50.00 220.00 40.00 16.00 $ 326.00 1,375,000 628,600 $ 2,003,600 $ 1,400,000 600,000 $ 2,000,000 $ During the current month, the company operated at 70% of capacity, direct labor of 340,000 hours were used, and the following actual overhead costs were incurred. 1,500,000 600,000 $ 2,100,000 $ 1,600,000 600,000 $ 2,200,000

Required informotion The folowing informatori applies to the questions displaycd below) Sedona Company set the following standard costs for one unit of is product for this year. The $560($400+$160) total overhead rate per direct labor hour (DLH) is based on a predicted activity level of 37.500 units, which is 75% of the factory's capocity of 50.000 units per month. The following monthly fiexible budget inforinason is availabie. During the current month, the compary operated at 70x of copacity, direct lobor of 340,000 hours were used, and the following actual overheod costs were incurred AH-ActualHoursSH=5tandatdHoursAVR-ActiaglVanablelate 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. Compute the variable overhead apending and efficiency variances. (Indicate the effect of each variance by selecting favorable, unfirvorable, or no varuace "Rate per unit" to 2 decimal places.)