World Company expects to operate at 70% of its productive capacity of 21,000 units per month. At this planned level, the company expects to use 14,700 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 1.000 direct labor hour per unit. At the 70% capacity level, the total budgeted cost includes $44,100 fixed overhead cost and $279,300 variable overhead cost. In the current month, the company incurred $600,800 actual overhead and 14,400 actual labor hours while producing 26,900 units. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not round intermediate calculations. Round "OH costs per DL hour" to 2 decimal places.) (1) Compute the predetermined standard overhead rate for total overhead. Predetermined OH rate Variable overhead costs Fixed overhead costs Total overhead costs (2) Compute the total overhead variance Standard DL Hours -Actual production 26,900 units Overhead costs Actual results Variance applied Fav./unt. Variable overhead costs Fixed overhead costs Total overhead costs