Your answer is partially correct. Manufacturing overhead data for the production of Product B by Blue Spruce, Inc. are as follows. Overhead incurred for 69,200 actual direct labor hours worked $206,400 Overhead rate (variable $2.00; fixed $1.00) at normal capacity of 72,220 direct labor hours Standard hours allowed for work done $3.00 69,200 Compute the controllable and volume overhead variances. Identify whether each variance is favorable or unfavorable. Overhead Controllable Variance Overhead Volume Variance A $ 4200 Favorable A $ 3000 Unfavorable