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Required information The following information applles to the questions displayed below I Manuei Company predicts it will operate ot 80% of its productive capacity its overthead allocation base is DLH and its standard amount per allocation base is 0.5DLH per unit. The company reports the following for thys period 1. Compute the gtandard overhead rate. Hint Standard allocation base at 80% capacity is 26.125 DL.H, computed as 52.2.50 units =0.5 DLH per unit. 2. Compute the standard overhead applled 3. Compute the total overbeod variance. (Indicate the effect of the variance by selecting favorable, untavorable; or no variance.)