[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 its standard amount per allocation base is 0.5 DLH per unit. The company reports the following for this period. Production (in units) Overhead Variable overhead Fixed overhead Total overhead Required 1 Required 2 (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. Total budgeted (flexible) overhead Total overhead applied Volume variance Flexible Budget at 80% Capacity 53,500 Compute the overhead volume variance. Indicate variance as favorable or unfavorable. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Volume Variance Production (in units) Overhead $ 294,250 53,500 $ 347,750 Variable overhead Fixed overhead Total overhead Required 1 Required 2- [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 its standard amount per allocation base is 0.5 DLH per unit. The company reports the following for this period. Actual Results 49,600 $ 351,200 Total actual overhead cost Total budgeted (flexible) overhead Overhead controllable variance Flexible Budget at 80% Capacity 53,500 $ 294,250 53,500 $ 347,750 Unfavorable (1) Compute the overhead volume variance. Indicate variance as favorable or unfavorable. (2) Compute the overhead controllable variance, Indicate variance as favorable or unfavorable. Actual Results 49,600 $ 351,200 Complete this question by entering your answers in the tabs below. Compute the overhead controllable variance. Indicate variance as favorable or unfavorable. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Overhead Controllable Variance Unfavorable