Sedona Company set the following standard costs for one unit of its product for this year. Direct material (20 pounds @ $3.20 per pound) Direct labor (10 hours @ $8.30 per DLH) Variable overhead (10 hours $4.70 per DLH) Fixed overhead (10 hours $2.30 per DLH) Standard cost per unit. $ 64.00 83.00 47.00 23.00 $ 217.00 The $7.00 ($4.70 + $2.30) total overhead rate per direct labor hour (DLH) 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 (of capacity) Flexible Budget Budgeted production (units) Budgeted direct labor (standard hours) Budgeted overhead Variable overhead Fixed overhead Total overhead 55% 31,350 313,500 60% 34,200 342,000 65% 37,050 370,500 $ 1,473,450 786,600 $ 1,607,400 786,600 $ 1,741,350 786,600 $ 2,260,050 $ 2,394,000 $ 2,527,950 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 Actual fixed overhead Actual total overhead $ 1,411,000 858,050 $ 2,269,050 Exercise 21-28A (Algo) Detailed overhead variances LO P5 AH Actual Hours SH Standard Hours AVR Actual Variable Rate Exercise 21-28A (Algo) Detailed overhead variances LO P5 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the controllable variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Controllable Variance Controllable variance