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. 53.40 per Ib.) Direct labor (10 hrs. a $9.70 per hr.) Variable overhead (10 hrs. 54.90 per hr.) Fixed overhead (10 hrs. $2.00 per hr.) $ 51.00 97.00 49.00 20.00 5217.00 Total standard cost The $6.90 ($4.90 + $2.00) total overhead rate per direct labor hour is based on an expected operating of the factory's capacity of 59,000 units per month. The following monthly flexible budget information i Operating Levels of capacity) 658 70 38,350 41,300 44,250 383,500 413,000 442,500 Flexible Budget Budgeted output (units) Budgeted labor (standard hours) Budgeted overhead (dollars) Variable overhead Fixed overhead Total overhead $1,879,150 326,000 52,705, 150 $2,023,700 826.000 52,168,250 826.000 52,994,250 52,849,700 During the current month, the company operated at 65% of capacity, employees worked 365.000 hour actual overhead costs were incurred. Variable overhead costs Fixed overhead costs $1,516,000 899,ese $2.715,850 Total overhead costs AH = Actual Hours SH - Standard Hours AVR = Actual Variable Rate SVR = Standard Variable Rate 1. Compute the variable overhead spending and efficiency variances 2. Compute the fixed overhead spending and volume variances and classify each as favorable or unfavorable 3. Compute the controllable variance Complete this question by entering your answers in the tabs below.