Blaze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 4 DLH per unit. For March, the company planned production of 8,000 units (80% of its production capacity of 10,000 units) and prepared the following budget. The company actually operated at 90% capacity (9,000 units) in March and incurred actual total overhead costs of $81,700. Overhead Budget Production in units Budgeted variable overhead Budgeted fixed overhead 80% Operating Levels 8,000 $ 32,000 $ 48,000 1. Compute the standard overhead rate. Hint. Standard allocation base at 80% capacity is 32,000 DLH, computed as 8,000 units x 4 DLH per unit. 2. Compute the total overhead variance. 3. Compute the overhead controllable variance. 4. Compute the overhead volume variance. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the standard overhead rate. Hint: Standard allocation base at 80% capacity is 32,000 DLH, computed as 8,000 units x 4 DLH per unit. (Round your answer to 2 decimal places.) Standard overhead rate $ 2.50 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the total overhead variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Do not round intermediate calculations.) Overhead variance Standard overhead applied $ 9,000 X Actual total overhead 10 X Overhead variance $ 90,000 X Favorable 00 Required 1 Required 2 Required 3 Required 4 Compute the overhead volume variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Do not round intermediate calculations.) Volume Variance Budgeted flexible overhead S Standard overhead applied 11,250 14 X Volume variance S 114,000 X Favorable Required 1 Required 2 Required 3 Required 4 Compute the overhead controllable variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Do not round intermediate calculations.) Controllable Variance Actual total overhead $ 90,000 Budgeted flexible overhead Variable overhead 108,000 X Fixed overhead 48,000 Total 156,000 Controllable variance $ 66,000 X Favorable