Question - World Company expects to operate at 80% of its productive capacity of 55,000 units per month. At this planned level, the company expects to use 27.500 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate based on direct labor hours. At the 80% capacity level, the total budgeted cost includes $66.000 fixed overhead cost and $313.500 variable overhead cost. In the current month, the company incurred $360.000 actual overhead and 24.500 actual labor hours while producing 39,000 units.

(1) Compute the overhead volume variance.

(2) Compute the overhead controllable variance.