For May, Mariana company planned production of 10:400 units (80% of its production capacity of 13,000 units) and prepared the following overhead budget. The company applies overhead with a standard of 3 DLH per unit and a standard overhead rate of $3.79 per DLH 30% Operating Level 10,400 Overhead Budget Production in units) Budgeted overhead Variable overhead costs Indirect materials Indirect labor Power Maintenance Total variable overhead costs Fixed overhead costs tent of building Depreciation Machinery Supervisory salaries Total fixed overhead costs Total overbead $ 18,720 31,200 7,800 2.000 60,528 19,500 13,000 125,220 57720 $ 118,248 It actually operated at 90% capacity (11.700 units) in May and incurred the following actual overhead. Actual Overhead Costs Indirect materials $ 18,720 NL 01 VULLULNE Depreciation-Machinery Supervisory solaries Total fixed overhead costs Total overhead 1,500 13,000 25, 220 57,720 $ 118,248 It actually operated at 90% capacity (11700 units) in May and incurred the following actual overhead. Actual Overhead Costs Indirect materials Indirect labor Power Maintenance Rent of building Depreciation-Machinery Supervisory salaries Actual total overhead $ 18,720 34,000 8,775 5,800 19,500 13,000 28,800 $ 127,795 1. Compute the overhead controllable variance and identify it as favorable or unfavorable. 2. Compute the overhead volume variance and identify it as favorable or unfavorable. 3. Prepare an overhead variance report at the actual activity level of 11,700 units. Complete this question by entering your answers in the tabs below. Compute the overhead controllable variance and identify it as favorable or unfavorable. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Controllable variance Actual total overhead Budgeted (flexible) overhead 0 Controllable variance Required 2 > Compute the overhead volume variance and Identify it as favorable or unfavorable. Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Do not round intermediate calculations.) Volume Variance Volume variance Prepare an overhead variance report at the actual activity level of 11,700 units. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Do not round intermediate calculations) MARIANA COMPANY Overhead Variance Report For Month Ended May 31 Expected Actual Controllable Varianco Variable overhead costs Flexible Budget Actual Results Variances FavorableUnfavorable Fixed overhead costs Fixed overhead costs Total overhead costs Volume Variance Volume variance Total overhead vanance