Question 2 Universal Company uses a standard cost system and prepared the following budget at normal capacity for the month of January: Direct labor hours Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead per DLH 2.5 pts 24,000 $48,000 $108,000 6.5 Actual data for January were as follows: Direct labor hours worked Total manufacturing overhead Standard DLH allowed for capacity attained Using the two-way analysis of overhead variances, what is the budget (controllable) variance for January? Is it favorable (F) or unfavorable (U)? 22,000 $157,000 22,500