Manuel Company predicts it will operate at 80% of its productive capacity. Its overhead allocation base is DLH and its standard amount per allocation base is 0.5 DLH per unit. The company reports the following for this period. Flexible Budget at 8e% Capacity 51,250 Actual Results 46,000 Production (in units) Overhead Variable overhead Fixed overhead Total overhead $ 281,875 51,250 $ 333,125 $ 321, 500 (1) Compute the overhead volume variance. Indicate variance as favorable or unfavorable. (2) Compute the overhead controlliable variance. Indicate variance as favorable or unfavorable. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the overhead volume variance. Indicate variance as favorable or unfavorable. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Volume Variance Volume variance