Sedona company set the following standard costs for one unit of its product for 2017

Sedona Company set the following standard costs for one unit of its product for 2017 Direct material (15 Ibs. $3.20 per Ib.) Direct labor (10 hrs. e $7.00 per hr. Factory variable overhead (10 hrs.$4.10 per hr.) Factory fixed overhead (10 hrs. e $1.70 per hr. Standard cost 48.00 70.00 41.00 17.00 $176.00 The $5.80 ($4.10+$1.70) total overhead rate per direct labor hour is based on an expected operating level equal to 70% of the factory's capacity of 51,000 units per month. The following monthly flexible budget information is also available. Operating Levels (% of capacity) 758 Flexible Budget Budgeted output (units) Budgeted labor (standard hours) Budgeted overhead (dollars) 65% 33,150 708 35,700 38,250 382,500 331,500 57,000 Variable overhead Fixed overhead $1,359, 150 $1,463,700$1,568,250 606,900 606,900 606,9000 information is also available Operating Levels (8 of capacity) 75% 65% 33,150 70% 35,700 Flexible Budget Budgeted output (units) Budgeted labor (standard hours) Budgeted overhead (dollars) 38,250 331,500 370 382,500 Variable overhead Fixed overhead Total overhead $1,359,150 $1,463,700 $1,568,250 606,900 606,900606,900 $1,966,050 $2,070,600 $2,175,150 During thecurrent month, the company operated at 65% of capacity, employees worked 320,000 hours, and the following actual overhead costs were incurred. Variable overhead costs Fixed overhead costs Total overhead costs $1,325,000 649,650 $1,974,650 AH Actual Hours SH Standard Hours AVR-Actual Variable Rate SVR Standard Variable Rate SFR = Standard Fixed Rate (1) Compute the predetermined overhead application rate per hour for variable overhead, fixed overhead, and total overhead at 70% of capacity. Predetermined OH Rate Variable overhead costs Fixed overhead costs Total overhead costs (2) Compute the total variable and total fixed overhead variances and classity each as favorable or unfavorable At 65% of Operating Capacity Actual Standard DL Overhead Variance Fav./Unf HoursCosts Applied Results Variable overhead costs Fixed overhead costs Total overhead costs