Also please help compute the overhead volume variance AND compute the overhead controllable variance $($show work$)$

10 Part 1 of 2 0.86 points Return to question Required information [The following information applies to the questions displayed below.] 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. Flexible Budget Actual Capacity Results Production (in units) Overhead Variable overhead Fixed overhead Total overhead at 54,500 $ 299,750 54,500 $ 354,250 51,200 364, 1. Compute the standard overhead rate. Hint: Standard allocation base at 80% capacity is 27,250 DLH, computed as 54,500 units x 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.) Answer is complete but not entirely correct. 1. Standard overhead rate 2. Standard overhead a lied 3. Overhead variance $ 10 $665,600 311,350 Unfavorable