Requlred Information [The following informotion opplies to the questions disployed below.] Sedone Compeny set the following standerd costs for one unit of its product for this yesr. The $6.40($4.40+$2.00) totol overheod rate per direct labor hour (DLH) is bosed on a predicted octivity level of 40,500 units, which is 75% of the factory's capocity of 54,000 units per month. The following monthly flexible budget information is aviluble. During the current month, the company operated at 70% of capocity, direct labor of 365,000 hours were used, and the following ectusl overheod costs were incurred. 1. Compute the total veriable overhesd veriance and identify it as favorable or unfavorable. (lndicate the effect of the varlance by selecting favorable, unfavorable, or no varlance.) 2. Compute the total fixed overhesd vorionce ond identify it ss fovoroble or unfovoroble. (Indicate the effect of the varlance by selecting favorable, unfavorable, or no varlance.) 1. Compute the variable overhesd spending and efficiency variances. 2 Compute the fixed overheod spending and volume veriances. 3. Compute the controllable variance. Complete this question by entering your answers in the tabs below. 1. Compute the voriable overheod spending and efficiency voriances. 2. Compute the fixed overheod spending ond volume variances. 3. Compute the controllable veriance. Complete this question by entering your answers in the tabs below. 1. Compute the voriable overheod spending and efficiency voriances. 2 Compute the fixed overheod spending and volume variances. 3. Compute the controllable variance. Complete this question by entering your answers in the tabs below. Compute the controllable variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)