Sedona Company set the following standard costs for one unit of its product for this year. Direct material (15 lbs. $4.20 per tb.) Direct labor (10 hrs. $6.40 per hr.) Variable overhead (10 hrs. $3.70 per hr.) Fixed overhead (10 hrs. $1.50 per hr.) Total standard cost $63.00 64.00 37.00 15.00 $179.00 to 65% The $5.20 ($3.70 + $1.50) total overhead rate per direct labor hour is based on an expected operating level equal to 65% of the factory's capacity of 67,000 units per month. The following monthly flexible budget information is also available. Operating Levels of capacity) Tlexible Budget Budgeted output (units) Budgeted Labor (standard 46,900 40,200 102.000 43,550 435.500 469,000 hudgeted overhead (dollars) Variable overhead Tixed overhead Total overhead $1,487,400 653,250 $2,140,650 $1.611.350 655,250 $2,264,600 $1,735,300 653,250 $2,388,550 During the current month, the company operated at 60% of capacity, employees worked 382,000 hours, and the following actual overhead costs were incurred. Variable overhead costs Fixed overhead costs Total overhead costs $1,425,000 725,250 $2,150,250 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 and classify each as favorable or unfavorable. 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 for favorable unfavorable, and no variance Round "Rate per unit to 2 decimal places.) Flexible Budget Standard Cost (VOH applied) Actual Variable OH Cost AH X AVR 1.425.000 SH