Exercise 21-20 Computation of volume and controllable overhead varlances LO P3 World Company expects to operate at 80% of its productive capacity of 65,000 units per month. At this planned level, the company expects to use 33,800 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 80% capacity level, the total budgeted cost includes $64,220 fixed overhead cost and S419120 variable overhead cost. In the current month, the company incurred $483,000 actual overhead and 30,800 actual labor hours while producing 49,000 units (1) Compute the overhead volume variance. (2) Compute the overhead controllable variance (1) Compute the overhead volume variance (2) Compute the overhead controllable variance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the overhead volume variance. Classify as favorable or unfavorable. (Round "OH costs places.) per DL hour" to 2 decimal Fixed Overhead Appliedmn Variable OH per DL hr Standard DL hours Fixed Overhead applied Volume Variance Volume variance Required 2> (1) Compute the overhead volume variance. (2) Compute the overhead controllable variance. Complete this question by entering your answers In the tabs below. Required 1 Required 2 Compute the overhead controllable variance. Classify as favorable or unfavorable. Total actual overhead Flexible budget overhead Total Overhead controllable variance Required 1