1. Compute the direct materials cost variance, including its price and quantity variances.

Required information [The following information applies to the questions displayed below. Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. $4 per Ib.) $120.00 Direct labor (5 hrs. $14 per hr) Factory overhead-variable (5 hrs. $8 per hr.) Factory overhead-fixed (5 hrs. $10 per hr.) 70.00 40.00 50.00 $280.00 Total standard cost The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 60,000 units per quarter. The following flexible budget information is available erating Levels 70% 80% 90% 54,000 270,000 48,000 240,000 Production in units 42,000 Standard direct labor hours 210,000 Budgeted overhead Fixed factory overhead $2,400,000 $2,400,000 $2,400,000 Variable factory overhead $1,680,000 $1,920,000 $2,160,000 During the current quarter, the company operated at 90% of capacity and produced 54,000 units of product, actual direct labor totaled 265,000 hours. Units produced were assigned the following standard costs. Direct materials (1,620,000 Ibs. $4 per Ib.) 6,480,000 3,780,000 4,860,000 Direct labor (270,000 hrs. $14 per hr. Factory overhead (270,000 hrs. $18 per hr. $15,120,000 Total standard cost Actual costs incurred during the current quarter follow Direct materials (1,615,000 Ibs. $4.10 per lb. 6,621,500 3, 643,750 Direct labor (265,000 hrs. * $13.75 per hr.) Fixed factory overhead costs 2,350,000 Variable factory overhead costs 2,200,000 $14,815,250 Total actual costs (a) Compute the variable overhead spending and efficiency variances. (Round "cost per unit" and "rate per hour" answers to 2 decimal places.) AH = Actual Hours SH = Standard Hours AVR = Actual Variable Rate SVR Standard Variable Rate Flexible Budget Standard Cost (VOH applied) Actual Variable OH Cost SVR AH AH SVR SH AVR (c) Compute the total overhead controllable variance. Overhead Controllable Variance Total overhead controllable variance