Sedona Company set the following standard costs for one unit of its product for 2017 Direct material (30 Ibs. e $2.50 per Ib.) Direct labor (20 hrs. e $4.80 per hr.) Factory variable overhead (20 hrs. e $2.30 per hr.) Factory fixed overhead (20 hrs. e $1.20 per hr.) $75.00 96.00 46.00 24.00 Standard cost $241.00 The $3.50 ($2.30+$1.20) total overhead rate per direct labor hour is based on an expected operating level equal to 70% of the factory's capacity of 53,000 units per month. The following monthly flexible budget information is also available. Operating Levels (t of capacity) Flexible Budget Budgeted output (units) Budgeted labor (standard hours) Budgeted overhead (dollars) Variable overhead Fixed overhead 651 708 758 34,450 689,000 37,100 742,000 39,750 795,000 $1,584,700 890,400 $1,706,600 890,400 $1, 828,500 890,400 Total overhead $2,475,100 $2,597,000 $2,718,900 During the current month, the company operated at 65% of capacity, employees worked 652,000 hours, and the following actual overhead costs were incurred. $1,525,000 954,000 Variable overhead costs Fixed overhead costs $2,479,000 Total overhead costa AH Actual Hours SH Standard Hours AVR Actual Variable Rate SVR Standard Variable Rate SFR Standard Fixed Rate Compute the fixed overhead spending and volume variances and classify each as favorable or unfavorable. Actual Fixed OH cost Fixed OH (Fixed Budgeted) Standard Cost (FOH applied) .Compute the controllable variance. Controllable Variance Controllable variance