10 Required information [The following information applies to the questions displayed below. Part 1 of 2 - Manuel Company predicts it will operate at 80% of its productive capacity. Its overhead allocation base is DLH and its standard amount per allocation base is 0.5 DLH per unit. The company reports the following for this period. 3 points Flexible Budget at 80% Capacity 53,750 Actual Results 50,000 8 03:02:06 Production (in units) Overhead Variable overhead Fixed overhead Total overhead Skipped $ 295,625 53,750 $ 349,375 $ 354,500 eBook 1. Compute the standard overhead rate. Hint: Standard allocation base at 80% capacity is 26,875 DLH, computed as 53,750 units * 0.5 DLH per unit. 2. Compute the standard overhead applied. 3. Compute the total overhead variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Hint Print 1. Standard overhead rate 2. Standard overhead applied 3. Overhead variance References