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 The $5.60($4.00+$1.60) total overhead rate per direct labor hour (DLH) is based on a predicted activity level of 37.500 units, which is 75% of the factory's capacity of 50,000 units per month. The following monthly flexible budget information is available During the current month, the company operated at 70% of capacity, direct labor of 340,000 hours were used, and the following actual overhead costs were incurred AH= Actual Hours SH= Standard Hours AVR = Actual Variable Rate SVR = Standard Variable Rate 1. Compute the variable overhead spending and efficiency variances. 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: 3. Compute the controllable variance. Complete this question by entering your answers in the tabs below. Compute the variable overhead spending and efficiency variances. Note: Indicate the elfect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per unit" to 2 decimal places, Compute the fixed overhead spending and volume variances. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance, Round "Rate per unit" to 2 decimal places. Compute the controllable variance. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance