World Company expects to operate at 80% of its productive capacity of 50,000 units per month. At this planned level, the company expects to use 24,400 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 $53,680 fixed overhead cost and $273,280 variable overhead cost. In the current month, the company incurred $320,000 actual overhead and 21,400 actual labor hours while producing 37,000 units.

(1) Compute the overhead volume variance. (Round all your intermediate calculations to 2 decimal places.)

Fixed Overhead Applied
Fixed OH per DL hr.	$
Standard DL hours
Fixed Overhead applied
Volume Variance
Total fixed overhead applied
Total budgeted fixed OH	53,680
Volume variance	$	Unfavorable

(2) Compute the overhead controllable variance.

Total actual overhead		$320,000
Flexible budget overhead
Variable	$
Fixed	53,680
Total
Overhead controllable variance		$	Unfavorable