Using the information in P22-3A, compute the overhead controllable variance and the overhead volume variance.

Data from P22-3A

Standard (per unit) 8 yards at $430 per yard Cost Element Direct materials Actual $371,050 for 90,500 yards ($4.10 per yard) $201,630 for 14,300 hours ($14.10 per hour) $49,000 fixed overhead $37,000 variable overhead Direct labor 1.2 hours at $13.50 per hour 1.2 hours at $6.00 per hour (fixed $3.50; variable $2.50) Overhead