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

Data from P22-3B

Standard (per unit) 5 yards at $6.80 per yard 1.0 hours at $11.50 per hour Cost Element Direct materials Actual $547,200 for 76,000 yards ($7.20 per yard) $166,880 for 14,900 hours ($11.20 per hour) $120,000 fixed overhead $49,000 variable overhead Direct labor 1.0 hours at $9.30 per hour (fixed $6.30; variable $3.00) Overhead