The loan department of Calgary Bank uses standard costs to determine the overhead cost of processing loan applications. During the current month, a fire occurred, and the accounting records for the department were mostly destroyed. The following data were salvaged from the ashes. Standard variable overhead rate per hour $6 Standard hours per application 3 Standard hours allowed 4,980 Standard fixed overhead rate per hour $7 Actual fixed overhead cost $35,630 Variable overhead budget based on standard hours allowed $18,000 Fixed overhead budget $35,630 Overhead controllable variance $1,900 U (a) Determine the following. $ (1) Total actual overhead cost (2) Actual variable overhead cost $ (3) Variable overhead costs applied $ (4) Fixed overhead costs applied $ tA (5) Overhead volume variance (b) Determine how many loans were processed, loans Number of loans processed