Sedona Company set the following standard costs for one unit of its product for this year. Direct material (29 pounds @ $3.29 per pound) $ 64.99 Direct labor (19 hours @ $8.39 per DLH) 83.99 Variable overhead (19 hours @ $4.79 per DLH) 47.99 Fixed overhead (19 hours @ $2.39 per DLH) 23.99 Standard cost per unit $ 217.99 The $7.00 [$4.70 + $2.30} total overhead rate per direct labor hour (DLHl is based on a predicted activity level of 34,200 units, which is 60% of the factory's capacity of 57,000 units per month. The following monthly flexible budget information is available. Operating Levels (X of capacity) Flexible Budget 55% 69% 65% Budgeted production (units) 31,359 34,299 37,959 Budgeted direct labor (standard hours) 313,599 342,999 379,599 Budgeted overhead Variable overhead $ 1,473,459 $ 1,697,499 $ 1,741,359 Fixed overhead 786,699 786,699 786,699 Total overhead $ 2,259:353 $ 233941999 $ 2:527;959 During the current month, the company operated at 55% of capacity, direct labor of 295,000 hours were used. and the following actual overhead costs were incurred. Actual variable overhead $ 1,411,999 Actual fixed overhead 858,959 Actual total overhead 1 2,269,959 I. Compute the total variable overhead variance and identify it as favorable or unfavorable. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) 2. Compute the total xed overhead variance and identify it as favorable or unfavorable. {Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Variable overhead variance Fixed overhead variance 2.30 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 efciency variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round \"Rate per unit" to 2 decimal places.) Required 2 ) AH = Actual Hours SH = Standard Hours AVR = Actual Variable Rate SVR = Standard Variable 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 labs below. Requiredl i Required2 I Required3 Compute the xed overhead spending and volume variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round \"Rate per unit" to 2 decimal places.) ( Required1 Required3 ) Required: 1. Compute the direct materials variance, including its price and quantity variances. 2. Compute the direct labor variance. including its rate and efficiency variances. 3' Compute the overhead controllable and volume variances. Complete this qution by entering your answers in the tabs below. Req 3 Req 1 Req 2 Controllable Variance Compute the direct materials variance, including its price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round l'Cost per unit" answers to 2 decimal places.) Req 3 Volume Varlance Required: 1. Compute the direct materials variance, including its price and quantity variances. 2. Compute the direct labor variance. including its rate and efficiency variances. 3, Compute the overhead controllable and volume variances. Complete this question by entering your answers in the labs below. Req 3 R80 1 Rex: 2 Controllable R933_V'"me arlance Variance Compute the direct labor variance, including its rate and efciency variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour\" answers to 2 decimal places.) Required: 1. Compute the direct materials variance, including its price and quantity variances. 2. Compute the direct labor variance. including its rate and efficiency variances. 3. Compute the overhead controllable and volume variances. Complete this question by entering your answers in the tabs below. Reg 3 Req 1 Req 2 Controllable \"6'1 3_V'"me . Varlance Varlance Compute the overhead controllable variance. (Indicate the effect of the variance by selectlng favorable, unfavorable, or no variance.) Actual total overhead Budgeted total overhead Controllable variance ( Req 2 Req 3 Volume Variance ) Required: (a) Compute the variable overhead spending and efficiency variances. (b) Compute the fixed overhead spending and volume variances. (c) Compute the overhead controllable variance. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the variable overhead spending and efficiency variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "cost per unit" and "rate per hour" answers to 2 decimal places.) Actual Variable OH Cost Flexible Budget Standard Cost (VOH applied) $ o o Required: (3) Compute the variable overhead spending and efciency variances. (b) Compute the fixed overhead Spending and volume variances. (c) Compute the overhead controllable variance. Complete this question by entering your answers in the tabs below. Requlred A Requlred B E Requlred c Compute the xed overhead spending and volume variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "cost per unitII and "rate per hour\" answers to 2 decimal places.) Required: (a) Compute the variable overhead spending and efciency variances. (b) Compute the fixed overhead spending and volume variances. (c) Compute the overhead controllable variance. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the overhead controllable variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)