Required information Use the following information for the Exercises below. TThe following information applies to the questions displayed below] Sedona Company set the following standard costs for one unit of its product for 2017. The $5.60($4.00+$1.60) total overhead rate per direct labor hour is based on an expected operafing level equal to 75% of the factory's capacity of 50,000 units per month. The following monthly flexible budget information is also avallable. During the current month, the company operated at 70% of capacity, employees worked 340,000 hours. and the following actuol overhead costs were incurred. AH= Actual Hours SH = Standard Hours AVR = Actual Variable Rate SVR = Stondard Variable Rate SFR= Standard Fived Rate Exercise 21-17 Computation of total variable and fixed overhead variances LO P3 Required information Use the following information for the Exercises below. TThe following information applies to the questions displayed below] Sedona Company set the following standard costs for one unit of its product for 2017. The $5.60($4.00+$1.60) total overhead rate per direct labor hour is based on an expected operafing level equal to 75% of the factory's capacity of 50,000 units per month. The following monthly flexible budget information is also avallable. During the current month, the company operated at 70% of capacity, employees worked 340,000 hours. and the following actuol overhead costs were incurred. AH= Actual Hours SH = Standard Hours AVR = Actual Variable Rate SVR = Stondard Variable Rate SFR= Standard Fived Rate Exercise 21-17 Computation of total variable and fixed overhead variances LO P3