A company uses direct labor hours as its overhead allocation base. Its standard amount per allocation base is 2 direct labor hours per unit. A flexible overhead budget at the expected level of production of 5,000 units follows. During this period, the company actually produced 5,200 units and incurred total overhead costs of $302,250. 1. Calculate the standard overhead rate. 2. Determine the standard overhead applied. 3. Determine the total overhead variance and indicate whether it is favorable or unfavorable. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance