please help! ACCT 202

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 25,000 standard hours of direct labor Overhead is allocated to products using a predetermined standard rate of 0.625 direct labor hour per unit. At the 80% capacity level, the total budgeted cost includes $50,000 fixed overhead cost and $275,000 variable overhead cost. In the current month, the company incurred $305,000 actual overhead and 22,000 actual labor hours while producing 35,000 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 Complete this question by entering your answers in the tabs below. Required 1 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.) Fixed Overhead Applied Fixed OH per DLL Standard DL hours Fixed overhead applied Volume Variance Total fixed overhead applied Total budgeted fixed OH Volume variance Favorable Required 2 > World Company expects to operate at 80% of its productive capacity of 50,000 units per month. At this plam expects to use 25,000 standard hours of direct labor, Overhead is allocated to products using a predeterm direct labor hour per unit. At the 80% capacity level, the total budgeted cost includes $50,000 fixed overhe variable overhead cost. In the current month, the company incurred $305,000 actual overhead and 22.000 producing 35,000 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the overhead controllable variance Classify as favorable or unfavorable. (Indicate the effect of each selecting for favorable, unfavorable, and no variance.) Total actual overhead Flexible budget overhead Total Overhead controllable variance