Exercise 23-19 Computing total overhead rate and total overhead variance LO P4 10 World Company expects to operate at 60% of its productive capacity of 11,000 units per month. At this points planned level, the company expects to use 4,950 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.750 direct labor hour per unit. At the 60% capacity level, eBook the total budgeted cost includes $9,900 fixed overhead cost and $39,600 variable overhead cost. In the Hint current month, the company incurred $34,250 actual overhead and 2,460 actual labor hours while producing 3,900 units. (Indicate the effect of each variance by selecting for favorable, unfavorable, and Print no variance. Do not round intermediate calculations. Round "OH costs per DL hour" to 2 decimal References places.) (1) Compute the predetermined standard overhead rate for total overhead. Predetermined OH rate Variable overhead costs Fixed overhead costs Total overhead costs (2) Compute the total overhead variance. -Actual production 3,900 units Standard Overhead costs Actual results Variance Fav./Unf. DL Hours applied Variable overhead costs Fixed overhead costs Total overhead costs