The company applies the overhead on the basis of direct labor hours at $7.00 per direct labor hour and the standard hours per timepiece is 1/2 hour each. The company's actual production was 6,120 timepieces with 3,060 actual hours of direct labor. Normal capacity is 3,560 hours. Actual overhead was $22,800. Compute the controllable and volume overhead variances. Identify whether each variance is favorable or unfavorable. (Round rote values to 2 decimal places, eg. 2.75 and final answers to 0 decimal places, e.g. 5,275.) Controllable Overhead Variance Overhead Volume Variance