Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances. Indicate whether each variance is favorable or unfavorable. Actual Cost Standard Cost Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. Actual Cost Standard Cost World Company expects to operate at 90% of its productive capacity of 28,000 units per month. At this planned level, the company expects to use 16,380 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.650 direct labor hour per unit. At the 90% capacity level, the total budgeted cost includes $32,760 fixed overhead cost and $147.420 variable overhead cost. In the current month, the company incurred $199,125 actual overhead and 15,950 actual labor hours while producing 27,500 units. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not round intermediate calculations. Round "OH costs per DL hour" to 2 decimal places.) (1) Compute the predetermined standard overhead rate for total overhead. Predetermined OH rate Variable overhead costs Fixed overhead costs Total overhead costs (2) Compute the total overhead variance. Standard DL Hours --------Actual production 27,500 units -------- Overhead costs Actual results Variance applied Fav./Unf. Variable overhead costs Fixed overhead costs Total overhead costs