Assignment Seved Help Save & Exit Submit 25 Check my work Part 1 of 2 3.84 points Boo Required information 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 Direct material (15 pounds 53.20 per pound) $48.00 Direct labor (10 hours $7.00 per DLR) 70.00 Variable overhead (10 hours $4.10 per DLR) 41.00 Tixed overhead (10 hours $1.70 per DLR) 17.00 Standard cost per unit $7176.00 The $5.80 ($4.10 - $1.70) total overhead rate per direct labor hour (DLH) is based on a predicted activity level of 35,700 units, which is 70% of the factory's capacity of 51,000 units per month. The following monthly flexible budget information is available. Operating Levels of capacity Flexible Budget 651 700 751 Budgeted production (unita) 33,150 35,700 38,250 Budgeted direct labor (standard hours) 331,500 357.000 382,500 Budgeted overhead Variable overhead 51.359,150 $ 1.463,700 $ 1,568,250 Fixed overhead 606.900 606.900 606.900 Total overhead $ 1,966,050 $ 2,070,600 5 2,175,150 Hint Print References During the current month, the company operated at 65% of capacity, direct labor of 320,000 hours were used, and the following actual overhead costs were incurred. MC Saved Help Save & Exit Submit 25 Check my work During the current month, the company operated at 65% of capacity, direct labor of 320,000 hours were used, and the following actual overhead costs were incurred. Actual variable overhead $ 1,325,000 Actual fixed overhead 649,650 Actual total overhead $ 1,974,650 Part 1 of 2 3.84 points Exercise 21-27A (Algo) Computing total variable and fixed overhead variances LO P5 eBook Hint 1. Compute the total variable overhead variance and identify it as favorable or unfavorable. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) 2. Compute the total fixed overhead variance and identity it as favorable or unfavorable, indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Print References At 65% of Operating capacity...... Standard Direct Labor Hours Overhead Rate Favorable/unfavo Standard Overhead Applied Actual Overhead Overhead Variance Variable overhead variance Fixed overhead variance Standard Direct Labor Hours 331,500 331,500 $ $ 4.10 1.70 1.325,000 649,650