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 Actual at Sex Capacity Results Production (in units) 50,880 44,000 Variable overhead $ 275,000 Fixed overhead 58,888 Total overhead $ 325,880 $ 305,eee Overhead Compute the standard overhead rate. Hint: Standard allocation base at 80% capacity is 25.000 DLH.computed as 50.000 units x 1.5 DLH per unit Compute the standard overhead applied. Compute the total overhead varlance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) 1. Standard overhead rate 2. Standard overhead applied 3. Overhead variance