Required information [The following Information applies to the questions displayed below.] Manuel Company predicts it will operate at 80% of its productive capacity. Its overhead allocation base is DLH and its standard amount per allocation base is 0.5 DLH per unit. The company reports the following for this period. Production (in units) Overhead Variable overhead Fixed overhead Total overhead Flexible Budget at 80% Actual Capacity 54,500 $ 299,750 54,500 Results 51,200 $ 354,250 $ 364,400 ) Compute the overhead volume variance. Indicate variance as favorable or unfavorable. 2) Compute the overhead controllable variance. Indicate variance as favorable or unfavorable. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the overhead volume variance. Indicate variance as favorable or unfavorable. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Budgeted (flexible) overhead Standard overhead applied Volume variance Volume Variance $ 364,400 ( 332,800 $ 31,600 Unfavorable [The following Information applies to the questions displayed below.] Manuel Company predicts it will operate at 80% of its productive capacity. Its overhead allocation base is DLH and its standard amount per allocation base is 0.5 DLH per unit. The company reports the following for this period. Production (in units) Overhead Variable overhead. Fixed overhead Total overhead Flexible Budget at 80% Actual Capacity 54,500 $ 299,750 54,500 Results 51,200 $ 354,250 $ 364,400 Compute the overhead volume variance. Indicate variance as favorable or unfavorable. Compute the overhead controllable variance. Indicate variance as favorable or unfavorable. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the overhead controllable variance. Indicate variance as favorable or unfavorable. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Controllable variance Actual total overhead $ Budgeted (flexible) overhead 364,400 332,800 Controllable variance 15 31,600 Unfavorable