7 14,32 World Company expects to operate at 80% of its productive capacity of 68,750 unts per month. At this planned level, the company expects to use 31,900 standard hours of direct labor Overhead is allocated to products using a predetermined standard tate of 0 580 direct labor hour per unit. At the 80% capacity level, the total budgeted cost includes $70.180 fixed overhead cost and $405130 variable overhead cost. In the current month, the company incurred $473.000 actual overhead and 28,900 actual labor hours while producing 52.000 units (1) Compute the overhead volume variance Classify each as favorable or unfavorable (2) Compute the overhead controllable variance Classify each as favorable or unfavorable Doints co Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prine Compute the overhead volume variance Classily as favorable or unfavorable (Indicate the effect of each variance by selecting for favorable, unfavorable, and no Valance. Round "OH costs per DL hour to decimal places) References Find Overhead Applied Fixed overhead applied Volume Variance Volume variance Required 2 > 7 14.32 points 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 31900 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.580 direct labor hour per unit. At the 80% capacity level, the total budgeted cost includes $70,180 fixed overhead cost and $405130 variable overhead cost. In the current month, the company incurred $473,000 actual overhead and 28,900 actual labor hours while producing 52,000 units. (1) Compute the overhead volume variance Classify each as favorable or unfavorable, (2) Compute the overhead controllable variance Classify each as favorable or unfavorable. ebook Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Print Compute the overhead controllable variance. Classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) References Total actual overhead Flexible budget overhead Total Overhead controllable variance