Required information Use the following information for the Exercises below. (Algo) [The following information applies to fhe questions displayed below) Manuel Company predicts it will operate at Bo\% of its productive capocily, its cvethead allocation base is DLH and its standard amount per allocation base is 0.5DLH per unit. The compony reports the following for this peniod. Exercise 21.17 (Algo) Computing standard overhead rate and total overhead variance LO P4 1. Gompute the standard overkead rate. Hint: Standard aliocation buse at 800 copacity is 25,875 OLH, computed as 51,750 units * 0.5 Dth per unit, 2. Compute the standord overiesd appled. 2. Compute the standord overtiesd appled. 3. Compute the total overhead variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.)