Exercise 21-19 Computation of total overhead rate and total overhead variance LO P3 World Company expects to operate at 90% of its productive capacity of 17,000 units per month. At this planned level, the company expects to use 9,945 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.650 direct labor hours per unit. At the 90% capacity level, the total budgeted cost includes $29.835 fixed overhead cost and S 169,065 variable overhead cost. In the current month, the company incurred $328,200 actual overhead and 9.625 actual labor hours while producing 24,900 units. (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. al production 24,900 units - Standard Overhead Actual Variance Fav/Unf DL Hours costs applied results Variable overhead costs Fixed overhead costs Total overhead costs