World Company expects to operate at 80 % of its productive capacity of 55,000 units per month. At this planned level, the company expects to use 23,100 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.525 direct labor hours per unit At the 80% capacity level, the total budgeted cost includes $60.060 fixed overhead cost and $267,960 variable overhead cost. In the current month, the company incurred $342,000 actual overhead and 20100 actual labor hours while producing 41,000 units. (1) Compute the overhead volume variance (2) Compute the overhead controllable variance Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the overhead volume variance. Classify as favorable or unfavorable. (Round "OH costs per DL hour" to 2 decimal places.) Fixed Overhead Applied Fixed Overhead applied Volume Variance Volume variance Required 1 Required 2 World Company expects to operate at 80 % of its productive capacity of 55,000 units per month. At this planned level, the company expects to use 23,100 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.525 direct labor hours per unit At the 80 % capacity level, the total budgeted cost includes $60,060 fixed overhead cost and $267,960 variable overhead cost. In the current month, the company incurred $342,000 actual overhead and 20,100 actual labor hours while producing 41,000 units (1) Compute the overhead volume variance (2) Compute the overhead controllable variance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the overhead controllable variance. Classify as favorable or unfavorable. Total actual overhead Flexible budget overhead Total Overhead controllable variance Required 1 Required 2