Sedona Company set the following standard costs for one unit of its product for this year. Direct labor (20 hours @ $4.50 per DLH) Variable overhead (20 hours @ $2.90 per DLH) 2 Direct material (30 pounds @ $2.00 per pound) $ 60.00 90.00 58.00 24.00 $ 232.00 Fixed overhead (20 hours @ $1.20 per DLH) Standard cost per unit The $4.10 ($2.90 + $1.20) total overhead rate per direct labor hour (DLH) is based on a predicted activity level of 40,950 units, which is 65% of the factory's capacity of 63,000 units per month. The following monthly flexible budget information is available. Operating Levels (% of Flexible Budget Budgeted production (units) Budgeted direct labor (standard hours) Budgeted overhead. Variable overhead 60% 37,800 capacity) 65% 40,950 70% 44,100 756,000 819,000 882,000 $ $ $ Fixed overhead Total overhead 2,192,400 2,375,100 2,557,800 982,800 982,800 982,800 $ $ $ 3,175,200 3,357,900 3,540,600 During the current month, the company operated at 60% of capacity, direct labor of 726,000 hours were used, and the following actual overhead costs were incurred. Actual variable overhead 2,120,000 Actual fixed overhead 1,065,000 $ Actual total overhead 3,185,000 Exercise 23-28A (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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3