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. Production (in units) Overhead Variable overhead Fixed overhead Total overhead Flexible Budget at 80% Capacity 52,250 Required 1 Required 2 $ 287,375 52,250 $ 339,625 Budgeted (flexible) overhead Standard overhead applied Volume variance (1) Compute the overhead volume variance. Indicate variance as favorable or unfavorable. (2) Compute the overhead controllable variance. Indicate variance as favorable or unfavorable. Actual Results Complete this question by entering your answers in the tabs below. Volume Variance 47,600 $334,700 Compute the overhead volume variance. Indicate variance as favorable or unfavorable. Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. 309,400 Unfavorable < Prev 8 of 10