Using the information in P25-3A, compute the overhead controllable variance and the overhead volume variance.

Standard (per unit) 8 yards at $4.40 per yard Cost Element Actual $375,575 for 90,500 yards ($4.15 per yard) $200,925 for 14,250 hours ($14.10 per hour) $49,000 fixed overhead $37,000 variable overhead Direct materials Direct labor 1.2 hours at $13.40 per hour Overhead 1.2 hours at $6.10 per hour (fixed $3.50; variable $2.60)