[The following information applies to the questions displayed below.) Sedona Company set the following standard costs for one unit of its product for this year. Direct material (30 pounds @ $2.60 per pound) $ 78.00 Direct labor (20 hours $4.70 per DLH) Variable overhead (20 hours @ $2.68 per DLH) 52.00 Fixed overhead (20 hours @ $1.2e per DLH) Standard cost per unit $ 248.ee 94.00 24.00 The $3.80 ($2.60 - $1.20) total overhead rate per direct labor hour (DLH) is based on a predicted activity level of 36,600 units, which is 60% of the factory's capacity of 61,000 units per month. The following monthly flexible budget information is avallable Operating Levels ($ of capacity) Flexible Budget 55% 60x Budgeted production (units) 33,550 36,600 39,650 Budgeted direct labor (standard hours) 671,000 732,000 793,000 Budgeted overhead Variable overhead $ 1,744,600 $ 1,903,200 $ 2,061,800 Fixed overhead 878,400 878,400 878,400 Total overhead $ 2,623,000 $ 2,781,600 $ 2,940,200 65% During the current month, the company operated at 55% of capacity, direct labor of 652,000 hours were used, and the following actual overhead costs were incurred. Actual variable overhead Actual fixed overhead Actual total overhead $ 1,714,000 918,800 $ 2,632,000 SOUS 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 Compute the variable overhead spending and ellicency variances. Indicate the effect of each variance by selecting favorable, unfavorable, or no variance Round "Rate per unit" to 2 decimal places) Actual Variable OH Cost Flexible Budget Standard Cost OH applied) Required 1 Required 2 Required Compute the fixed overhead spending and volume variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per unit to 2 decimal places Actual Forced OH cost Fixed OH Fbred Budgeted) Standard Cost (FOH applied) 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