Please do not give solution in image format thanku Use 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 base is DLH and itsstandard amount per allocation base is 0.5 DLH per unit. The company reports the following for this period.Production (in units)OverheadVariable overheadFixed overheadTotal overheadFlexible Budget at80% Capacity53,750$295,62553,750$ 349,375ActualResults50,000$ 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. Complete this question by entering your answers in the tabs below.Required 1 Required 2Compute the overhead controllable variance. Indicate variance as favorable or unfavorable. (Indicate the effect of thevariance by selecting favorable, unfavorable, or no variance.)Budgeted (flexible) overheadActual total overheadControllable varianceRequired 1 Required 2Controllable varianceComplete this question by entering your answers in the tabs below.Standard overhead appliedBudgeted (flexible) overheadVolume varianceCompute the overhead volume variance. Indicate variance as favorable or unfavorable. (Indicate the effect of the variance byselecting favorable, unfavorable, or no variance.)Volume Variance.UnfavorableAnswer is not complete.✓Required 1Required 2>

Name: Please do not give solution in image format thanku Use the following i
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Description: Please do not give solution in image format thanku Use 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 capa