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 Flexible Budget at se Actual Capacity Results Production (in units) 53,250 49,200 Overhead Variable overhead $ 292,875 53,250 Total overhead 5346,125 $ 347,990 Fixed overhead 1. Compute the standard overhead rate. Hint Standard allocation base at 80% capacity is 26,625 DLH, computed as 53,250 units * 05 DLH per unit 2. Compute the standard overhead applied 3. Compute the total overhead verlance (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) 1. Standard overhead rate 2 Standard overhead applied 3 Overhead variance Unfavorable