o World Company expects to operate at 80% of its productive capacity of 67,500 units per month. At this planned level, the company expects to use 32.400 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate or 0.600 direct labor hour per unit. At the 80% capacity level, the total budgeted cost includes $68,040 fixed overhead cost and $408.240 variable overhead cost. In the current month, the company incurred $472,000 actual overhead and 29,400 actual labor hours while producing 51,000 units. points (1) Compute the overhead volume variance Classify each as favorable or unfavorable. (2) Compute the overhead controllable variance Classify each as favorable or unfavorable. ebook Complete this question by entering your answers in the tabs below. Required 1 Required 2 Print Compute the overhead volume variance. Classify as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "OH costs per DL hour" to 2 decimal places.) References Fixed Overhead Applied Fixed OH per DL. $ 2.10 Standard DL hours 2 Fixed overhead applied ! Volume Variance Totalfixed overhead applied Total budgeted fixed OH Volume variance