Required Information Use the following information for the Exercises below. (Algo) [The following information applles 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 0.5 DLH per unit. The company reports the following for this perlod. Exercise 21-17 (Algo) Computing standard overhead rate and total overhead variance LO P4 1. Compute the standard overhead rate. Hint: Standard allocation base at 80% capacity Is 25,375DLH, computed as 50,750 units 0.5 DLH per unit. 2. Compute the standard overhead applled. 3. Compute the total overhead varlance. (Indlcate the effect of the varlance by selecting favorable, unfavorable, or no varlance.)