Glavine & Co. produces a single product, each unit of which requires three direct labor hours (DLHs). Practical capacity (for setting the factory overhead application rate) is 30,000 DLHs, on an annual basis. The information below pertains to the most recent year:

Standard direct labor hours (DLHs) per unit produced.................................3.00
Practical capacity, in DLHs (per year)...........................................................30,000
Variable Overhead Efficiency Variance........................................................$5,000 unfavorable (U)
Actual production for the year........................................................................9,500 units
Budgeted fixed manufacturing overhead..............................................$ 600,000
Standard direct labor wage rate...................................................................$20.00 per DLH
Total overhead cost variance for the year.................................................$50,000 favorable (F)
Direct Labor Efficiency Variance..................................................................$10,000 unfavorable (U)

Required
1. What was the actual number of direct labor hours (DLHs) worked during the year? (Round answer to nearest whole number.)

2. What was the standard variable overhead rate per DLH during the year? (Round answer to 2 decimal places, e.g., $13.231 = $13.23.) 

3. What was the total overhead application rate per direct labor hour (DLH) during the year? (Round answer to 2 decimal places, e.g., $15.679 = $15.68.)

4. What was the total actual overhead cost incurred during the year, rounded to the nearest whole dollar?

5. What was the Production Volume Variance (to the nearest whole dollar) for the year? Was this variance favorable (F) or unfavorable (U)?

6. What was the total Overhead Spending Variance (to the nearest whole dollar) for the year? Was this variance favorable (F) or unfavorable (U)?

7. Provide a short interpretive statement regarding the financial performance of the company for the current year.

8. What recommendations can you offer to the company in terms of achieving increases in operational control?