AH=ActualHoursSH=StandardHoursAVR=ActualVoriableRateSVR=StandardVariableRate 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 spending and efficlency variances. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per unit" to 2 decimal places. Compute the fixed overhead spending and volume variances. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance, Round "Rate per unit" to 2 decimal places. Use the following information for the Exercises below. (Algo) [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. The $4.50($3.00+$1.50) total overhead rate per direct labor hour (DLH) is based on a predicted activity level of 45,500 units, which is 70% of the factory's capacity of 65,000 units per month. The following monthly flexible budget information is available. During the current month, the company operated at 65% of capacity, direct labor of 400,000 hours were used, and the following actual overhead costs were incurred. 1. Compute the total variable overhead variance and identify it as favorable or unfavorable. Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. 2. Compute the total fixed overhead variance and identify it as favorable or unfavorable. Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Compute the controllable variance. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance