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Sedona Company set the following standard costs for one unit of its product for this year. The $5.80($4.00+$1.80) total overhead rate per direct labor hour (DLH) is based on a predicted activity level of 49,000 units, which is 70% of the factory's capacity of 70,000 units per month. The following monthly flexible budget information is available. During the current month, the company operated at 65% of capacity, direct labor of 435,000 hours were used, and the following actual overhead costs were incurred. 2. Compute the fixed overhead spending and volume variances. 3. Compute the controllable variance. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. 1. Compute the variable overhead spending and efficiency variances. 2. Compute the fixed overhead spending and volume variances. 3. Compute the controllable variance. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Compute the controllable variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)