Required Information (The following formation applies to the questions displayed below) Sedona Company set the following standard costs for one unit of its product for this year Direct sati (s. 52.30 per Ib.) Direct labor ( 2.54.30 per Variable overhead (2012.10 per Hedera (20.31:28 perhe Total standard cost 369.00 . 45.00 24.00 5225.00 The $350 $2.30 - $120) total overhead rate per direct labor hour is based on an expected operating level equal to 60% of the factory's capacity of 69,000 units per month The following monthly flexble budget information is also available Flexie But Budgeted output (units) budgeted labor standard hours) Butiged overhead (dollars) Variable overhead Fixed overhead Total overhead Operating List of capacity 553 USE 37,95 41.400 4,25 759.00 28.000 197,000 $1,945.700 11,900,00 52,043, 100 902.00 52,733,300 52,238,00 $5,056,700 During the current month, the company operated at 55% of capacity, employees worked 731000 hours, and the following actual overhead costs were incurred Variable overhead costs Fins overhead coats Total overhead $1,710,00 2.0 12,741.500 AH-Actual Hours SH - Standard Hours AVR - Actual Vortable Rate SVR Standard Vanable Rate 1. Compute the variable overhead spending and efficiency variances 2.Compute the foed overhead spending and volume Variances and classify each as favorable or unfavorable 3. Compute the controlable variance Complete this question by watering your answers in the tabs below Teori Haired Compute the valable whead spending and efficiency ancesinde te the act of chance by setting for favorable unfavorable and no variance and At Vartal O Cout Fudget Stand Cavost app Red 2 > Required Information [The following information applies to the questions displayed below) Sedona Company set the following standard costs for one unit of its product for this year Direct material (3 lbs. $2.30 per 1b) Direct labor (za bes 54.30 per he. Variable overhead (20 hrs. 52.30 per lir) Fixed overhead (2 hrs 31.20 per hr.) Total standard cost $69.00 36.ee 46.00 24.00 $225.00 The $3.50 ($2.30 $1.20; total overhead rate per direct labor hour is based on an expected operating level equal to 60% of the factory's capacity of 69,000 unts per month. The following monthly flexible budget information is also available Operatin levels (of capacity 55 63 37.950 41,400 46,850 759, 828,000 197.000 Flexible Budget budgeted output (units) Budgeted labor (standard hours) Budgeted overhead (dollars) Variable overhead Vixed cverhad Total overhead $1,745,70 99),600 52,719,300 $1,900,00 993,600 52,298,00 52,063,00 . 33,054,700 During the current morah, the company operated at 55% of capacity, employees worked 731,000 hours, and the following actual overhead costs were incurred Variable overhed cotts Fixed overhead tosts Total overhead costs 51,730,000 1.031,5 32,743,500 AH - Actual Hours SHStandard Hours AVR - Actual Variable Rate SVR - Standard Vanable Rate 1. Comote the variable overhead spending and efficiency vortances 2. Compute the foed Overhead spending and volume variances and classify each as favorable or unfavorable 3. Compute the controle vantance Complete this question by entering your answers in the tabs below Tequired Home 2 New Comote the wind volume ves and scholar levaratiewe the one and parts dels) ged > Sedona Company set the following standard costs for one unit of its product for this year Direct material (30 lbs. $2.30 per Ib.) Direct labor (20 hrs. 54.30 per hr.) Variable overhead (20 hrs. $2.30 per hr.) Fixed overhead (20 hrs. $1.20 per hr.) Total standard cost $69.00 36.00 46.00 24.00 $225.00 The $3.50 (52.30 + $1.20) total overhead rate per direct labor hour is based on an expected operating level equal to 60% of the factory's capacity of 69,000 units per month The following monthly flexible budget information is also available. Operating Levels of spacit) 501 65% 37,950 41,460 44,850 759.000 828,000 897,000 Flexible Budget Budgeted output (units) Budgeted labor (standard hours) Budgeted overhead (dollars) Variable overhead Fixed overhead Total overhead $1,745,700 993.600 $2,739,300 $1,92,400 99),600 $2,198,000 $2,063,100 993,600 53,056,700 During the current month, the company operated at 55% of capacity, employees worked 731,000 hours, and the following actual overhead costs were incurred Variable overhead costs Fixed overhead costs Total overhead costs 51,730,000 1.031.500 52,741,500 AH = Actual Hours SH = Standard Hours AVR Actual Variable Rate SVR = Standard Variable Rate 1. Compute the variable overhead spending and efficiency variances 2. Compute the fixed overhead spending and volume variances and classity each as favorable or unfavorable 3. Compute the controllable variance Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the controllable variance indicate the effect of each variance by selecting for favorable, favorable, and no variance) Controle Verano Controllable variance