Blaze Corp. applies overhead on the basis of direct labor hours. For the month of March, the company planned production of 10,000 units (80% of its production capacity of 12,500 units) and prepared the following budget Operating Levels Overhead Budget 808 Production in units 10,000 Standard direct labor hours 24,000 Badgeted overhead Variable overhead costa Indirect materials $ 25,000 Indirect labor 35,000 Power 7,600 Maintenance 1,400 Total variable costs 72,000 Fixed overhead costs Rent of factory building 25,000 Depreciation-Machinery 35,000 Taxes and insurance 4,000 Supervisory salaries 20,000 Total tixed costs 84,000 Total overhead costs $156,000 During March, the company operated at 90% capacity (11,250 units), and it incurred the following actual overhead costs. overhead costs (actual) Indirect materials Indirect labor Power Maintenance Rent of factory building Depreciation Machinery Taxes and insurance Supervisory salaries Total actual overhead conto $ 25,000 35,000 8,550 6,590 25,000 33,000 4,500 22.000 $159,640 ces 1. Compute the overhead controllable variance. 2. Compute the overhead volume variance. 3. Prepare an overhead variance report at the actual activity level of 9,000 units Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the overhead controllable variance. Classify as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not round Intermediate calcslations.) Required 1 Required 2 Required 3 Compute the overhead controllable variance. Classify as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not round Intermediate calculations.) 159,640 Controllablo Variance Total actual overhead $ Flexible budget overhead Variable Fixed Total Overhead controllable variance 0 Complete this question by entering your answers in the tabs below. Required 1 Required I Required 3 Required 2 Compute the overhead volume variance Classify as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not round intermediate calculations.) Volume Variance Volume variance Required 1 Required 2 Required 3 Prepare an overhead variance report at the actual activity level of 9,000 units. Classify as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not round intermediate calculations.) BLAZE CORP Overhead Variance Report For Month Ended March 31 Expected production volume Production level achieved Volume variance Controllable Variance Flexible Budget Actual Results Variances Fav./Unfav. Variable overhead costs: ht nces Fixed overhead costs Volume variance Flexible Budget Actual Results Variances Fav./Unfav. Controllable Variance Variable overhead costs: Fixed overhead costs: Total overhead costs