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 80% Capacity 50,000 Actual Results 44,000 Production (in units) Overhead Variable overhead Fixed overhead Total overhead $ 275,000 50,000 $ 325,000 $ 305,000 1. Compute the standard overhead rate. Hint: Standard allocation base a 80% capacity is 25,000 DLH, computed as 50,000 units * 0.5 DLH per u 2. Compute the standard overhead applied. 3. Compute the total overhead variance. (Indicate the effect of the varia by selecting favorable, unfavorable, or no variance.) 1. Standard overhead rate 2. Standard overhead applied 3. Overhead variance (1) Compute the overhead volume variance. Indicate variance as favorable or unfavorable. (2) Compute the overhead controllable variance. Indicate variance as favorable or unfavorable. 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. (Indica selecting favorable, unfavorable, or no variance.) Volume Variance Volume variance Required 1 Required 2 > (1) Compute the overhead volume variance. Indicate variance as favorable or unfavorable. (2) Compute the overhead controllable variance. Indicate variance as favorable or unfavorable. 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. (In variance by selecting favorable, unfavorable, or no variance.) Overhead Controllable Variance Overhead controllable variance Required 1 Required 2 >