Fogel Co. expects to produce 124,000 units for the year. The company's flexible budget for 124,000 units of production shows variable overhead costs of $173,600 and fixed overhead costs of $131,000. For the year, the company incurred actual overhead costs of $254,800 while producing 118,000 units. Compute the controllable overhead variance and classify it as favorable or unfavorable. (Round cost per unit to 2 decimal places.) ------Flexible Budget------ ------Flexible Budget at Variable Amount per Total Fixed 124,000 units 118,000 units Cost Unit Fixed costs 131,000.00 s 131,000 $ 131,000 Variable cost 1.40 173,600 Total flexible budget S 304,600 Controllable Overhead Variance Total actual overhead cost S 254,800 Total flexible budget amount Controllable overhead variance Favorable