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Required information [The following information applies to the questions displayed below] Manuel Company predicts it will operate at 80% of its productive capacity, Its overhead allocation base is DUH and its standard amount per allocation base is 0.5DLH per unit. The company reports the following for this period. 1. Compute the standard overhead rate. Hint Standard allocation base at 80% capacity is 25,875DLH, computed as 51,750 units * 0.5 Dth per unit. 2. Compute the standard overhead applied. 3. Compute the total overhead variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.)