For May, Mariana company planned production of 8,000 units (80% of its production capacity of 10,000 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 $3.85 per DLH. 808 Operating Overhead Budget Level nts Production (in units) 8,000 Budgeted overhead Variable overhead costs Indirect materials $ 15,000 Indirect labor 24,000 eBook Power 6,000 Maintenance 3,000 Total variable overhead costs 48,000 Fixed overhead costs Print Rent of building 15,000 Depreciation-Machinery 10,000 Supervisory salaries 19,400 Total fixed overhead costs 44, 400 eferences Total overhead $ 92, 400 It actually operated at 90% capacity (9,000 units) in May and incurred the following actual overhead. Actual Overhead Costs Indirect materials $ 15,000 Indirect labor 26,500 Power 6, 750 Maintenance 4,000 Rent of building 15,000 Depreciation-Machinery 10,000 Supervisory salaries 22,000 Actual total overhead $ 99, 250 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 9,000 units. Complete this question by entering your answers in the tabs below.Required 1 Required 2 Required 3 Compute the overhead controllable variance and identify it as favorable or unfavorable. Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Controllable Variance Actual total overhead Budgeted (flexible) overhead Controllable variance Favorable No variance UnfavorableRequired 1 Required 2 Required 3 Compute the overhead volume variance and identify it as favorable or unfavorable. Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Volume Variance Volume variance Favorable Unfavorable No variancePrepare an overhead variance report at the actual activity level of 9,000 units. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. MARIANA COMPANY Overhead Variance Report For Month Ended May 31 Expected Actual Controllable Variance Flexible Budget Actual Results Variances Favorable/Unfavorable Variable overhead costs: Fixed overhead costs: Total overhead costs Volume Variance Volume variance Total overhead variance