Requlred 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 $370($250+$120) total overhead rate per direct labor hour (DL) is based on a predicted actlvity level of 38,500 unts. Which is 70% of the factory's capacity of 55.000 units per month. The following monthly flexible budget information is avaliable. Bunng the current month, the company operated at 65% of capacity, direct labor of 678,000 hours were used and the following actual overnead costs were incurred. A. = Actuai Hours 5H= Standard Hours AVR= Actubl Variable Rate SVR = Standard Variable Rote 1. Compute the varable overhead spending and efficiency varlances. AH - Actual Hours SH= Standard Hours AVR = Actual Varable Rate SVR= Standard Variable Rate 1. Compute the variable overheod spending and efficlency varlances 2. Compute the fixed overhead spending and volume variances 3. Compute the controllable varlance Complete this auestion by entering your answers in the tabs below. Ceimpute the variable overhead spending and efficiency variances. (Indicate the effect of each variance by anlecting favorable, unfaverable, or no yariance, Round "Rate perunht to 2 decimal placmi.) AH= Actual Hours SH - Standard Hours AVR= Actual Variable Rate SVR - Standard Variable Rate 1. Compute the varable overhead spending and eficiency variances. 2. Compule the fixed overhead spending and volume variances. 3. Compite the controllsble variance. Completa this question by entering your answers in the tabs belawi. AH= Actual Hours SH= Standard Hours AVR = Actual Varlable Rate SVR = Standard Varlable Rate 1. Compute the varlable overhead spending and efficlency varlances: 2. Compute the fixed overhead spending and volume variances. 3. Compute the controllable varlance. Complete this question by entering your answers in the tabs below. Compute the controllable variance. (Indicate the effect of each variance by salecting favorable. unfavotable, or no variance.)