Required 1Required 2Compute the overhead controllable variance. Indicate variance as favorable or unfavorable. (Indicate the effect of thevariance by selecting favorable, unfavorable, or no variance.)Controllable varianceTotal overhead applied354,500Actual total overhead328,750Controllable variance25,750Unfavorable< Required 1Required 2 > Required intormationUse the following information for the Exercises below. (Algo)[The following information applies to the questions displayed below.]Manuel Company predicts it will operate at 80% of its productive capacity. Its overhead allocation baseis DLH and its standard amount per allocation base is 0.5 DLH per unit. The company reports thefollowing for this period.Flexible Budget at80% Capacity53,750ActualResults50,000Production (in units)OverheadVariable overheadFixed overheadTotal overhead$ 295,62553,750$ 349,375$ 354,500Exercise 21-18 (Algo) Volume and controllable variances LO P4(1) Compute the overhead volume variance. Indicate variance as favorable or unfavorable.(2) Compute the overhead controllable variance. Indicate variance as favorable or unfavorable.X Answer is complete but not entirely correct.Complete this question by entering your answers in the tabs below.Required 1Required 2Compute the overhead volume variance. Indicate variance as favorable or unfavorable. (Indicate the effect of the varianceby selecting favorable, unfavorable, or no variance.)Volume VarianceStandard overhead applied$53,750 XStandard overhead applied(X50,000 XVolume variance$3,750Unfavorable< Required 1Required 2

Name: Required 1Required 2Compute the overhead controllable variance. Indic
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Description: Required 1Required 2Compute the overhead controllable variance. Indicate variance as favorable or unfavorable. (Indicate the effect of thevariance by selecting favorable, unfavorable, or no variance.)Controllable varianceTotal overhead applied354,50