World Company expects to operate at 80% of its productive capacity of 68,750 units per month. At this planned level, the company expects to use 30,800 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate based on direct labor hours. At the 80% capacity level, the total budgeted cost includes $73,920 fixed overhead cost and $397,320 variable overhead cost. In the current month, the company incurred $487,000 actual overhead and 27,800 actual labor hours while producing 54,000 units. (1) Compute the overhead volume variance. (Round all your intermediate calculations to 2 decimal places.) Fixed Overhead Applied Fixed overhead applied Volume Variance Volume variance (2) Compute the overhead controllable variance. Total actual overhead Flexible budget overhead Total Overhead controllable variance