Blaze Corp, applies overhead on the basis of direct labor hours. For the month of March, the company planned production of 10,000 units (80% of its production capacity of 12,500 units) and prepared the following budget: Operating Levels 808 10,000 30,000 Overhead Budget Production in units Standard direct labor hours Budgeted overhead Variable overhead costo Indirect materials Indirect labor Power Maintenance Total variable costs Fixed overhead costs Rent of factory building Depreciation-Machinery Taxes and insurance Supervisory salaries Total fixed costs Total overhead costs $ 16,200 16,600 10,000 8,200 51,000 15,000 25,000 2,600 23,400 66,000 $ 117,000 During March, the company operated at 90% capacity (11,250 units), and it incurred the following actual overhead costs. Overhead Costs Indirect materials Indirect labor Power Maintenance Rent of factory building Depreciation Machinery $ 16,200 16,600 11,250 10,000 15,000 24,150 Taxes and insurance Supervisory salaries Total actual overhead coats 3,200 25,200 $121,600 1. Compute the overhead controllable variance. 2. Compute the overhead volume variance. 3. Prepare an overhead variance report at the actual activity level of 9,000 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an overhead variance report at the actual activity level of 9,000 units. Classify as favorable or unfavorable. (Do not round intermediate calculations.) BLAZE CORP. Overhead Variance Report For Month Ended March 31 80% of capacity 90% of capacity rs 19,800 Favorable Flexible Budget Actual Results Variances Fav./Unfav. Expected production volume Production level achieved Volume variance Controllable Variance Variable overhead costs: Indirect materials Indirect labor Power Maintenance 11.250 16.600 10.000 8.200 Prepare an overhead variance report at the actual activity level of 9,000 units. Classify as favorable or unfavorable. (Do not round Intermediate calculations.) Expected production volume Production level achieved Volume variance Controllable Variance Variable overhead costs: Indirect materials Indirect labor BLAZE CORP. Overhead Variance Report For Month Ended March 31 80% of capacity 90% of capacity $ 19,800 Favorable Flexible Budget Actual Results Variances Fav. 7 Unfav. ES 11.250 16.600 10,000 8.2002 Power Maintenance AS 46,050 1 Total variable costs Fixed overhead costs: Rent of factory building Depreciation Machinery Supervisory salaries Total fixed costs Total overhead costs