Compute the total, controllable, and volume variances for overhead, accounting homework help

Seacrest Company’s overhead rate was based on estimates of $924,000 for overhead costs and 84,000 direct labor hours. Seacrest’s standards allow 4 hours of direct labor per unit produced. Production in May was 1,780 units, and actual overhead incurred in May was $78,980. The overhead budgeted for 7,120 standard direct labor hours is $77,960 ($21,000 fixed and $56,960 variable).

Compute the total, controllable, and volume variances for overhead.

Total Overhead Variance $

Overhead Controllable Variance $

Overhead Volume Variance $