Exercise 11-5 The Covington Supply Company produces cleaning equipment for professional cleaners. At the start of the year, Covington estimated variable overhead costs to be $13 per unit and total fixed overhead costs at $293,500, based on a volume of 64,330 units. The detail for the overhead estimates follows: $ 514,640 128,660 192,990 $ 836,290 Variable Overhead Indirect material ($8) Utilities ($2) Maintenance ($3) Total variable overhead Fixed Overhead Supervisor salaries Depreciation Other fixed overhead Total fixed overhead Total overhead costs $ 127,390 139,400 26,710 $ 293,500 $1,129,790 Actual costs for the year are as follows: 57,500 units $ 460,360 100,860 174,170 $ 735,390 Actual Production Variable Overhead Indirect material Utilities Maintenance Total variable overhead Fixed Overhead Supervisor salaries Depreciation Other fixed overhead Total fixed overhead Total overhead costs $ 137,450 156,970 24,625 $ 319,045 $1,054,435 Calculate the controllable overhead variances for variable and fixed overhead. (Enter all variances as a positive number.) Covington Supply Company Actual Units Produced (57,500) Flex Budget Actual Variance Variable Overhead Indirect material Utilities Maintenance Total variable overhead Fixed Overhead Supervisor salaries Depreciation Other fixed overhead Total fixed overhead Total Overhead costs Click if you would like to Show Work for this question: Open Show Work Neither Unfavorable nor Favorable Favorable Unfavorable