Problem 24-07A Sunland Corporation manufactures a single product. The standard cost per unit of product is shown below. $ 8.00 Direct materials-1 pound plastic at $8.00 per pound Direct labor-2.5 hours at $11.50 per hour Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit 28.75 20.00 20.00 $76.75 The predetermined manufacturing overhead rate is $16 per direct labor hour ($40.00 = 2.5). It was computed from a master manufacturing overhead budget based on normal production of 13,000 direct labor hours (5,200 units) for the month. The master budget showed total variable costs of $104,000 ($8.00 per hour) and total fixed overhead costs of $104,000 ($8.00 per hour). Actual costs for October in producing 4,500 units were as follows. Direct materials (4,610 pounds) Direct labor (11,060 hours) Variable overhead Fixed overhead Total manufacturing costs $ 37,802 130,508 133,200 48,600 $350,110 The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored. Compute the overhead controllable variance and the overhead volume variance. Overhead controllable variance Overhead volume variance