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1432 points Return Exercise 21-19 (Algo) Overhead controllable and volume variances LO P4 Blaze Corporatjon allocates overhead on the basis Of DLH and the standard amount per allocation base is 3.75 DLH per unit. For March, the company planned production of 8,000 units (80% of its production capacity of 10,000 units) and prepared the following budget. The company actually operated at 90% capacity (9,000 units) in March and incurred actual total overhead costs Of $89,870. Ove rhead Budget Production in units Budgeted variable overhead Budgeted fixed overhead OeratinOQ Levels _ 8, e $ 36,e $ 51,e 1. Compute the standard overhead rate. Hint Standard allocation base at 80% capacity is 30,000 DLH, computed as 8.000 units x 3.75 DLH per unit. 2. Compute the total overhead variance. 3. Compute the overhead controllable variance. 4. Compute the overhead volume variance. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 4 Required 1 Required 2 Required 3 Compute the standard overhead rate. Hint: Standard allocation base at 80% capacity is 30,000 DLH, computed as 8,000 units x 3.75 DLH per unit. Note: Round your answer to 2 decimal places. overhead rate S 10.880 Required 3 Required 1 Required 2 Compute the total overhead variance. Required 4 Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Do not round intermediate calculations. Actual total overhead Standard overhead applied Overhead variance ad variance e 7,905 Favorable Required 1 Required 4 Required 3 Required 1 Required 3 Required 2 Compute the overhead volume variance. Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Do not round intermediate calculations. Volume Varian Standard overhead applied Budgeted flexible overhead Volume variance e 1 ,255 0 Favorable e