Current Attempt in Progress Lily Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials-3 pound plastic at $6 per pound $ 18.00 Direct labor-1.5 hours at $11.00 per hour 16.50 10.50 Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit 7.50 $52.50 The predetermined manufacturing overhead rate is $12 per direct labor hour ($18.00 1.5). It was computed from a master manufacturing overhead budget based on normal production of 7,800 direct labor hours (5,200 units) for the month. The master budget showed total variable overhead costs of $54,600 ($7.00 per hour) and total fixed overhead costs of $39,000 ($5.00 per hour). Actual costs for October in producing 4,500 units were as follows. Direct materials (13,690 pounds) $ 84,878 Direct labor (6,590 hours) 75,126 Variable overhead 61,560 Fixed overhead 21,540 Total manufacturing costs $243,104 The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored. Compute the overhead controllable variance and the overhead volume variance. Overhead controllable variance $