Overhead Budget 50% Production in units 8,400 Standard direct labor bours 21.000 Budgeted overhead Variable overhead costs Indirect materials $12.600 Indirect labor Power Maintenance 21.000 8,400 4.200 Total variable costs 46.200 ok Fixed overhead costs Rent of factory building 17.000 Depreciation Machinery 10.200 Supervisory salaries 19.000 t Total fixed costs 46.200 Total overhead costs $92,400 ences During May, the company operated at 90% capacity (9,450 units) and incurred the following actual overhead costs: Overhead costs (actual) Indirect materials $12,600 Indirect labor 23,425 Power 9,450 Maintenance 5330 Rent of factory building 17,000 Depreciation-Machinery 10.200 Supervisory salaries 21,800 Total actual overhead costs $99.805 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 9,450 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an overhead variance report at the actual activity level of 9,450 units. Classify as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not round intermediate calculations. Expected production volume Production level adriaved Volume variance Controllable Variante Variable overhead costs JAMES CORP. Overhead Variance Report For Month Ended May 31 Flexible Budget Actual Results Varlances Fav Unfav Fixed overhead costs: Total overhead costs