Glavine & Co. produces a single product, each unit of which requires three direct labor hours (DLHS). Practical capacity (for setting the factory overhead application rate) is 66,000 DLHs, on an annual basis. The information below pertains to the most recent year: Standard direct labor hours (DLHS) per unit produced Practical capacity, in DLHS (per year) Variable overhead efficiency variance Actual production for the year Budgeted fixed manufacturing overhead Standard direct labor wage rate Total overhead cost variance for the year Direct labor efficiency variance 3.00 66,000 $ 23,000 unfavorable (U) 18,500 units $1,320,000 $ 20.00 per DLH $ 230,000 favorable (F) $ 46,000 unfavorable (U) 5. What was the Production Volume Variance for the year? Was this variance favorable (F) or unfavorable (U)? 6. What was the total Overhead Spending Variance for the year? Was this variance favorable (F) or unfavorable (U)? 1. Actual number of direct labor hours 2. Standard variable overhead rate 3. Total standard overhead rate 4. Total actual overhead cost 5. Fixed overhead production volume variance 6. Total overhead spending variance EAEAEA 57.800 DLHS $ 10 per DLH $ 30 per DLH $ 1,435,000