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 80% Capacity Actual Results Production (in units) 50,000 44,000 Overhead Variable overhead $ 275,000 Fixed overhead 50,000 Total overhead $ 325,000 $ 305,000 1. Compute the standard overhead rate. Hint: Standard allocation base at 80% capacity is 25,000 DLH, computed as 50,000 units 0.5 DLH per unit. 2. Compute the standard overhead applied. 3. Compute the total overhead variance