21 Homework Saved Help Save & Exit Sut eck my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to questi Exercise 21-20 Computing volume and controllable overhead variances LO P4 World Company expects to operate at 80% of its productive capacity of 55,000 units per month. At this planned level, the compar expects to use 23,100 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of direct labor hour per unit. At the 80% capacity level, the total budgeted cost includes $60,060 fixed overhead cost and $267.960 variable overhead cost. In the current month, the company incurred $342.000 actual overhead and 20,100 actual labor hours whi producing 41,000 units. (1) Compute the overhead volume variance. Classify each as favorable or unfavorable. (2) Compute the overhead controllable variance. Classify each as favorable or unfavorable. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the overhead volume variance. Classify as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "OH costs per DL hour" to 2 decimal places.) mework Saved Help Save & Exi my work mode: This shows what is correct or incorrect for the work you so far. It does not indicate com Return Complete this question by entering your answers in th Required 1 Required 2 Compute the overhead volume variance. Classify as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "OH costs per DL hour" to 2 decimal places.) Fixed Overhead Applied Fixed OH per DL hr. $ 21,525.00 Actual DL hours Fixed overhead applied lied $ 55,965 Volume Variance Total budgeted fixed OH $ 60,060 Total fixed overhead applied 55,965 Volume variance $ 4,095 Unfavorable Required 2 > 8 Prey 505 : Next > mework Saved Help Save & Exi my work mode: This shows what is correct or incorrect for the work you so far. It does not indicate com Return Complete this question by entering your answers in th Required 1 Required 2 Compute the overhead volume variance. Classify as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "OH costs per DL hour" to 2 decimal places.) Fixed Overhead Applied Fixed OH per DL hr. $ 21,525.00 Actual DL hours Fixed overhead applied lied $ 55,965 Volume Variance Total budgeted fixed OH $ 60,060 Total fixed overhead applied 55,965 Volume variance $ 4,095 Unfavorable Required 2 > 8 Prey 505 : Next > my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate comple Return toc Lorpule ule uvredu dice, Lidly dll avul E (2) Compute the overhead controllable variance. Classify each as favorable Answer is complete but not entirely correct. . 23 Complete this question by entering C Required 1 Required 2 Compute the overhead volume variance. Classify as favorable or unfavorable. (Indicate the effect of each variance selecting for favorable, unfavorable, and no variance. Round "OH costs per DL hour" to 2 decimal places.) Fixed Overhead Applied Fixed OH per DL hr. $ 21,525.00 Actual DL. hours 3 Fixed overhead applied $ 55,965 Volume Variance Total budgeted fixed OH Total fixed overhead applied Volume variance 0 Required 2