Revised Summer 2016 Chapter Review Practice Problem #4 F Company maintains warehouses that store and distribute items carried by the company. In the most recent month, employees worked 28,500 direct labor hours. The company incurred a total of $463,100 in variable overhead costs and $240,000 in fixed overhead costs. For the month, the static budget at normal capacity included $489,000 of variable overhead and $240,000 of fixed overhead for 30,000 direct labor hours to be worked Required: Compute controllable overhead variance and the volume variance