mework 0 Help Save & Exit Submit Check my work Exercise 21-19 Computing total overhead rate and total overhead variance LO P4 World Company expects to operate at 60% of its productive capacity of 28,000 units per month. At this planned level, the company expects to use 7,560 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.450 direct labor hour per unit. At the 60% capacity level, the total budgeted cost includes $22,680 fixed overhead cost and $60,480 variable overhead cost. In the current month, the company incurred $63,920 actual overhead and 7,130 actual labor hours while producing 11,600 units. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Do not round intermediate calculations. Round "OH costs per DL hour" to 2 decimal 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. production 11,600 units - Standard DL Hours Overhead costs applied Actual results Variance Fav./Unf. Prev 4 of 5 !! Next > mework 6 Help Save & Exit Submit Check my work per DL hour" to 2 decimal places.) Predetermined (1) Compute the predetermined standard overhead rate for total Predetermined OH rate Variable overhead costs Fixed overhead costs Total overhead costs (2) Compute the total overhead variance production Standard DL Hours Fav./Unf. Variable overhead costs thead costs Fixed overhead costs Total overhead costs