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. 4 Standard variable overhead rate per hour $6 Standard hours per application Standard hours allowed 4,040 Standard fixed overhead rate per hour $6 Actual fixed overhead cost $25.080 Variable overhead budget based on standard hours allowed $17.200 Fixed overhead budget $25.080 Overhead controllable variance $1.200 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 $ (5) Overhead volume variance $ (b) Determine how many loans were processed. Number of loans processed loans