Required information {The following information applies to the questions displayed below) Sedona Company set the following standard casts for one unit of its product for this year Direct naturel (90 Ibe.& $2.20 pur I.) Diccel labor 120 hr. 660.00 per le Variable overhead 120 hr. 62.20 per he. Taxed shead (20.931.10 per hr.) Tecal standard cool $66.00 20.00 11.00 22.00 6212.00 The $3.20 ($2 20+ $110) tatal overhead rate per direct labor hour is based on an experted operating level equal to 65% of the factory's capacity of 52,000 units per month. The following monthly flexible budget information is also available. Operating Levels of capacity Fluxable Budget TOR Budget cutpat (unatal **, H 36,100 Budget eu labor (candard ) 621,000 696,000 928, COD Budgeted overhead dollar) Variable ovexhead $1,372,800 91, 187,200 61, 601, 600 Yixed verhead 743, 600 743,600 743,600 Total overhead $2,116,400 52,230,000 $2,345,200 During the current month, the company operated at 60% of capacity, employees worked 591,000 hours, and the following actual overhead costs were incurred. Variable overhead costs Fixed overhead Poets Tocal overhead coats $1,320,000 70.00 $2,134,00 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. Recured Requiref 7 Required 3 Compute the variable overhead spending and efficiency variances, (indicate the effect of each variance by selecting for favorable, unfavorable, and no variance Round Rate per unit to 2 decimal place.) Actual Variable OH Cost Flexible Budget Standard Cost IVOH applied Required 1 Compute the fixed overhead spending and volume variances and classify each as favorable or unfavorable (Indicate the effect of each variance by selecting fur favorable, unfavorable, and no vanance. Round "Rato per unit" to 2 decimal places. Actual Fixed OH cost Fixed OH (Fixed Budgeted) Standard Cont (FOH upplied) Complete this question by entering your answers in the tabs below Required: Required 2 Required Compute the controlable variance (Indicate the effect of each variance by selecting for favorable, unfavorable, and no varance Controllable Vuriance Controllable varance