Two-part question

Required information Use the following information for the Exercises below. (Algo) [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. The $6.90($4.90+$2.00) total overhead rate per direct labor hour (DLH) is based on a predicted activity level of 41,300 units, which is 70% of the factory's capacity of 59,000 units per month. The following monthly flexible budget information is avallable. The $6.90($4.90+$2.00) total overhead rate per direct labor hour (DLH) is based on a predicted activity level of 41,300 units, which is 70% of the factory's capacity of 59,000 units per month. The following monthly flexible budget information is avallable. During the current month, the company operated at 65% of capacity, direct labor of 365,000 hours were used, and the following actual overhead costs were incurred. Exercise 21-27A (Algo) Computing total variable and flxed overhead variances LO P5 1. Compute the total variable overhead variance and identify it as favorable or unfavorable. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) 2. Compute the total fixed overhead varlance and identify it as favorable or unfavorable. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed beiow] Sedona Company set the following standard costs for one unit of its product for this year: The $6.90($4.90+$2.00) total overhead rate per direct labor hour (OLH) is based on a predicted activity level of 41,300 units, which is 70% of the factory's capacity of 59,000 units per month. The following monthly flexible budget information is avallable. information is avallable. During the current month, the company operated at 65% of capacity, direct labor of 365,000 hours were used, and the following actual overhead costs were incurred. Exercise 21.28A (Algo) Detailed overhead variances LO P5 Exercise 21-28A (Algo) Detailed overhead variances LO P5 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. 3. Compute the controllable variance. Complete this question by entering your answers in the tabs below. Compute the variable overhead spending and efficiency variances. (Indicate the effect of each variance by selecting favorable, unfavorable. per unit" to 2 decimal places:? Compute the fixed overhead spending and volume variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no var decimal places.) Complete this question by entering your answers in the tabs below. Compute the controllable variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)