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 (15 Ibs. $3.80 per Ib.) Direct labor (10 hrs. @ $9.40 per hr.) Variable overhead (10 hrs. @ 54.20 per hr.) Fixed overhead (12 hrs. @ $2.50 per hr.) Total standard cost $57.00 94.89 42.00 25.00 $218.00 The 5670 (94.20 $2.50) total overhead rate per direct labor hour is based on an expected operating level equal to 60% of the factory's capacity of 64.000 units per month The following monthly flexible budget information is also available. Operating Levels (% of capacity) 55% 60% 65% 35,200 38,400 41,600 352,000 384,000 416,000 Flexible Budget Budgeted output (units) Budgeted labor (standard hours) Budgeted overhead (dollars) Variable overhead Fixed overhead Total overhead $1,478,400 960, 000 52,438,480 $1,612,800 960,000 $2,572,800 $1,747,200 950,000 $2,707,200 During the current month, the company operated at 55% of capacity, employees worked 334,000 hours, and the following actual overhead costs were incurred. Variable overhead costs Fixed overhead costs Total overhead costs $1,421,000 1,024,000 $2,445,000 Required information 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 classify 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 variable overhead spending and efficiency variances, (Indicate the effect of each variance by selecting for favorable, variance. Round "Rate per unit" to 2 decimal places.) Actual Variable OH Cost Flexible Budget Standard Cost (VOH applied) COS Required 2 > FIATG Required information U VUI Variatices at Classic S D U urdurable compule U Uverre pericii 3. Compute the controllable variance 2 of 2 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the fixed overhead spending and volume variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by favorable, unfavorable, and no variance. Round "Rate per unit to 2 decimal places.) Actual Fixed OH cost Fixed OH (Fixed Budgeted) Standard Cost (FOH applied) oferecos Required 1 Required 3 > Required information 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 classify 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 vanance by selecting for favorable, unfavorable, and no variance.) Controllable Variance Controllable variance (Required 2 Required information The following information applies to the questions displayed below) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 5 lbs. $8 per lb. 3 hrs. @ $17 per hr. 3 hrs. @ 511 per hr. Actual 35,500 lbs. @ $8.20 per lb. 20,600 hrs. @ $17.60 per hr. $236,900 7,000 (1) Compute the standard cost per unit (2) Compute the total cost variance for June Complete this question by entering your answers in the tabs below. POCO Required 1 Required 2 Compute the total cost variance for June (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Total costvariante