Expand Your Critical Thinking 24-02 a-d Ana Carillo and Associates is a medium sized company located near a large metropolitan area in the Midwest. The company manufactures cabinets of mahogany, oak, and other fine woods for use in expensive homes, restaurants, and hotels. Although some of the work is custom, many of the cabinets are a standard size. One such non-custom model is called Luxury Base Frame. Normal production is 1,000 units. Each unit has a direct labor hour standard of 5 hours. Overhead is applied to production based on standard direct labor hours. During the most recent month, only 1,010 units were produced; 1,500 direct lebor hours were allowed for standard production, but only 1,000 hours were used. Standard and actual overhead costs were as follows. Indirect materials Indirect labor (Fixed) Manufacturing supervisor's salarles (Fixed) Manufacturing office employees salarics (Fixed) Engineering costs Computer costs Electricity (Fixec.) Marnecluring building certain (Fixed) Machinery depreciation (Fixed) Trucks and forklift depreciation Small lace (Fixed) Insurance (Fixed) Property taxes Total Standard (1,000 units) 5 13,800 18,900 25,600 14,800 30,700 11.400 2.800 9,100 3.400 1,700 800 Actual (1,010 units) $ 14,000 58.000 25,000 14,200 28,400 11,400 2,800 9,100 3,400 1,700 1,600 GOD 600 300 $16.7,700 300 $170,500 Determine the overhead application rate. (Round answer to z decimal places, e.g. 15.75.) Overhead application rate per direct labor hour Determine how much overhead was applied to production. Applied overhead LINK TO TEXT Calculate the total overhead variance, controllable variance, and volume variance. (Round variable overhead to 2 decimal places and final answers to 0 decimal places, e.g. 1,575.) Total overhead variance $ Controllable variance Volume variance