Requlred Information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Manuel Company predicts it will operate at 80% of its productive capacity. Its overhead allocation base is DLH and its standard amount per allocation base is 0.5DLH per unit. The company reports the following for this period. erclse 21-17 (Algo) Computing standard overhead rate and total overhead varlance LO P4 Compute the standard overhead rate. Hint: Standard allocation base at 80% capacity is 26,000 DLH, computed as 52,000 units DLH per unit. Compute the standard overhead applied. Compute the total overhead variance. (Indlcate the effect of the varlance by selecting fovorable, unfovorable, or no varlence.)