Required information [The following information applies to the questions displayed below) Sedona Company set the following standard costs for one unit of its product for this year Direct material (15 lbs. 53.4 per tb.) Direct Isbor (10 hes. 39.70 per he.) Variable overhead (10 hrs. 54.90 per hr.) Fixed overhead (10 hrs. 52.00 per hr.) Total standard cost $ 51.00 92.00 49.00 20.00 5217.00 The $690 (5490 - $2.00) total overhead rate per direct labor hour is based on an expected operating level equal to 70% of the factory's capacity of 59,000 units per month. The following monthly flexible budget information is also available Flexible Budget Budgeted output (units) Budgeted labor (standard hours) Hudgeted overhead (dollars) Variable overhead Vixed overhead Operating levels (1 of capacity 65 703 75 35.350 41.300 44,250 383,500 413,000 443.500 51,879,150 320,000 52,705.150 $2,02), 700 0,000 52,849,700 32,160,250 826. 12,994,250 Total overhead During the current month, the company operated at 65% of capacity, employees worked 365,000 hours and the following actual overhead costs were incurred Variable overhead costs Fixed overhead costs Total overhead costs $1,016,000 099, esa $2.715,050 (1) Compute the predetermined overhead application rate per hour for total whead, variable overhead and fixed overhead Pendetermined OH Rate Variable overhead costs Foed overhead costs Total overhead costs (2) Compute the total variable and tool for overhead Valances and stay each as favorable or unfavorable Indicate the effect of each wiance by selecting for favorable unfavorable and no varianceRound Rato per how to 2 decimal places At 65% of Operating Capacity Standard Overhead Costs