World Company expects to operate at 80% of its productive capacity of 29,000 units per month. At this planned level, the company expects to use 12,180 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.525 direct labor hour per unit. At the 80% capacity level, the total budgeted cost includes $36,540 fixed overhead cost and $121,800 variable overhead cost. In the current month, the company incurred $169,165 actual overhead and 11,980 actual labor hours while producing 24.200 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. tos Standard DL Hours --Actual production 24,200 units ........ Overhead costs Actual results Variance applied Favorable Unfavorable No variance Variable overhead costs Fixed overhead costs Total overhead costs