connect Chapter 21 Homework 11 1000 points World Company expects to operate at 80% of ts productive capacity of 50,000 units per month At this planned level, the company expects to use 25,000 standard hours of direct labor Overhead is allocated to products using a predetermined standard rate based on direct labor hours Al the 80% capachy level, total budgeted cost inclades $50,000 foxed overhead cost and $275.000 variable overhead cost In the current month, the company incurred $305,000 actual overhead and 22,000 actual labor hours while producing 36,000 units (Do not round your intermediate calculations.) (1) Compute the overhead application rate for total overhead Varlable overhead costs Fixed overhead costs Total overhead costs 1 00 per DL hr 2.00 per DL r 13 00 per DL hr (2) Compute the total overhead variance Predetermined OH Standard DL Overhead Costs Actual Results ariance Fav/Unf, ariable overhead costs Fixed overhead costs Total overhead costs 1.00 200 13.00 Hints References Book & Resources int.ei