Sedona Company set the following standard costs for one unit of its product for this year. Direct material (30 pounds @ $2.€0 per pound) $ 60.00Direct labor (20 hours @ $4.50 per DLH) 96.00Variable overhead (28 hours @ $2.508 per DLH) 50.00Fixed overhead (20 hours @ $1.20 per DLH) 24.00Standard cost per unit $ 224.00 The $3.70 ($2.50 + $1.20) total overhead rate per direct labor hour (DLH) is based on a predicted activity level of 38,500units, which is 70% of the factory's capacity of 55,000 units per month. The following monthly flexible budget informationis available. Operating Levels (% of capacity) Flexible Budget B5% 70% 75%Budgeted production (units) 35,750 38,508 41,258Budgeted direct labor (standard hours) 715,000 778,000 825,000Budgeted overheadVariable overhead % 1,787,500 $ 1,925,600 % 2,062,500Fixed overhead 524,000 924,000 924,000Total overhead $ 2,711,580 $ 2,849,600 % 2,986,500 During the current month, the company operated at 65% of capacity, direct labor of 678,000 hours were used, and thefollowing actual overhead costs were incurred. Actual variable overhead $ 1,715,000Actual fixed overhead 999,200 Actual total overhead $ 2,714,200 1. Compute the variable overhead spending and efficiency variances.2. Compute the fixed overhead spending and volume variances.3. Compute the controllable variance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the variable overhead spending and efficiency variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rateper unit" to 2 decimal places.) 1. Compute the variable overhead spending and efficiency variances.2. Compute the fixed overhead spending and volume variances.3. Compute the controllable variance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the fixed overhead spending and volume variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per unit" to 2decimal places.) Standard hours - Standard fixed rate 1. Compute the variable overhead spending and efficiency variances.2. Compute the fixed overhead spending and volume variances.3. Compute the controllable variance.Complete this question by entering your answers in the tabs below.Required 1Required 2Required 3Compute the controllable variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)Controllable VarianceVariable overhead efficiency varianceVariable overhead spending varianceFixed overhead spending varianceControllable variance