Blaze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 4 DLH per unit. For March, he company planned production of 8,000 units ( 80% of its production capacity of 10,000 units) and prepared the following budget. The company actually operated at 90% capacity (9,000 units) in March and incurred actual total overhead costs of $81,700. Compute the standard overhead rate. Hint. Standard allocation base at 80% capacity is 32,000DLH, computed as 8,000 units 4 DLH per unit. 2. Compute the total overhead variance. 3. Compute the overhead controllable variance. 7. Compute the overhead volume variance. Complete this question by entering your answers in the tabs below. Compute the standard overhead rate. Hint: Standard allocation base at 80% capacity is 32,000DLH, computed as 8,000 units 4 DLH per unit. (Round your answer to 2 decimal places.) Actual direct materials used Actual direct labor used 16,000 pounds at $4.05 per pound Actual units produced Standard quantity and price per unit for direct materials 0.5 pound at $4.00 per pound Standard quantity and rate per unit for direct labor 0.5 hour at $20 per hour AR= Actual Rate SR= Standard Rate AQ= Actual Quantity SQ= Standard Quantity AP= Actual Price SP= Standard Price (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate and efficiency variances. Complete this question by entering your answers in the tabs below. Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable variance.)