Required Information The followding Informetion eppliles to the questians dlspleyed belo Sedona Compsny set the following standsrd cotfor one unit of ita product for 2017 s sa.ae 228.80 Direct materlal (28 s$2.5 per b. Direct labor (28 hrs. $22.8e pr he.) Factory variable oerfead (18 trs4.88 per hr-) Factory fixed owrhiad18 hrs. @ S1.60 per hr.) The $5.6($4.00 + St6O) tots! o-ernesc ,st. Per direct labor hour l"oseo on an expected operating leve equsi to 75% of the factory's capscity of 50,000 unts per month. The follawing montnly flexible budget Infarmation a lso svalable Budgetod output (units) Budgetod labor (standand hours) Budgetod overwad (dollars) 350,088 Variable overhead Fixnd oeead Total owrhead $2,8 ,800 $2,16e.eee $2.26e.ee During the current momen, the company opersteat 70% of cspecty employees worked 340,000 nour, and the following arlable overhead costs Fixed overhead costs $1,375,888 AH-Actusl Hour SH- Standard Hour AVR Actual Varlable Rate SVR Standard Veriable Rste SFR- Standard Fixed Rate 1. Compute the varsble overhesd spending and efficency varisnces Coct 2 Compute the fixed overnesd spending and volume varlances and clasatfy esch ss favarsble or unfavorsble. Round "Rste per unit" to 2 declmal places) atandard Coct (FOH applied Flxed OH (Flxed Budgetec) 3. Compute the controllable variance Controllable varlanca