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 0.5DLH per unit. The company reports the following for this period. Compute the standard overhead rate. Hint Standard allocation base at 80% capacity is 26,250DLH, computed as 52,500 units * 5 DLH per unit. Compute the standard overhead applied. Compute the total overhead variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) \begin{tabular}{|c|c|c|} \hline 1. Standard overhead rate & $ & \\ \hline 2. Standard overhead applied & 312,000 & \\ \hline 3. Overhead variance & & Unfavorable \\ \hline \end{tabular} Compute the overhead volume variance. Indicate variance as favorable or unfavorable. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Compute the overhead controllable variance. Indicate variance as favorable or unfavorable. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.)