James Corp. apples overhead on the basis of direct labor hours. For the month of May, the company planned production of 10,000 units (B0% of its production capacity of 12,500 units) and prepared the following overhead budget REFLELER Operating Lovels Overhemd Budget 801 Production in units 10,000 Standard direct labor hours 000 Rudgetad overhead Variable overhead coats Indirect materials $18,200 Indirect labore 26.000 Power Maintenance 2.600 Total variable costs Fixed overhead costs Rent of factory building 19.000 Depreciation Machinery 11,600 Supervisory salaries 16.200 Total fixed costs 46,800 Total dverhead costs 5,200 52,000 16,200 rences During May, the company operated at 90% capacity (11.250 units) and incurred the following actual overhead costs: Overhead costs (actuali Indirect materials $ 18,200 Indirect labor. 28,950 Pover Maintenance Rent of factory building Depreciation Machinery Supervisory salaries Total actual overhead costs 5.850 323 NIN 1. Compute the overhead controllable variance and classify it as favorable or unfavorable 2. Compute the overhead volume variance and classify it as favorable or unfavorable 3. Prepare an overhead variance report at the actual activity level of 11.250 units Complete this question by entering your answers in the tabs below. adult Required 1 Required 2 Required 3 es 2 Reques Compute the overhead controllable variance and classify it as favorable or unfavorable. variance by selecting for favorable, unfavorable, and no variance.) Controllable variance 106 CAS T Total actual overhead Flexible budget overhead Variable Fored Overhead control Required 2 >