3 Part 2 of 2 25 points required information Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below] Trini Company set the following standard costs per unit for its single product Direct materials (30 pounds @ $5.50 per pound) Direct labor (7 hours @ $14 per hour) Variable overhead (7 hours $6 per hour) Fixed overhead (7 hours $12 per hour) Standard cost per unit $165.00 98.00 42.00 84.00 $389.00 Overhead is applied using direct labor hours. The standard overhead rate is based on a predicted activity level of 80% of the company's capacity of 62,000 units per quarter. The following additional information is available ellook 70% Production (in units) Standard direct labor hours (7 DLH/unit) 43,400 303,800 Operating Levels 80% 49,600 347,200 90% 55,800 390,600 A Budgeted overhead (flexible budget) $ 4,166,400 $ 1,822,800 $ 4,166,400 $ 2,083,200 $ 4,166,400 $2,343,600 Beferencies Fixed overhead Variable overhead During the current quarter, the company operated at 90% of capacity and produced 55,800 units; actual direct labor totaled 386,600 hours. Units produced were assigned the following standard costs. Direct materials (1,674,000 pounds @ $5.50 per pound) Direct labor (390,600 hours @ $14 per hour) Overhead (390,600 hours @$18 per hour) Standard (budgeted) cost Actual costs incurred during the current quarter follow Direct materials (1,658,000 pounds @ $7.60 per pound) Direct labor (386,600 hours @ $12.00 per hour) Fixed overhead Variable overhead Actual cost $ 9,297,000 5,468,400 7,030,800 $ 21,706,200 $ 12,600,800 4,639,200 3,321,400 3,109,400 $ 23,670,800 Problem 23-5AA (Algo) Expanded overhead variances LO P5 Required: (a) Compute the variable overhead spending and efficiency variances (b) Compute the fixed overhead spending and volume variances (c) Compute the overhead controllable variance Complete this question by entering your answers in the tabs below. Required A Required D Required C Compute the variable overhead spending and efficiency variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "cost per unit + Actual Variable OH Cost Flexible Budget Standard Cost (VOH app 0 AA ences Required A Required B Required C Compute the fixed overhead spending and volume variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "cost per unit and decimal places.) Actual Fixed OH Cost Budgeted Overhead Standard Cost (FOH applied) $ (b) Compute the fixed overhead spending and (c) Compute the overhead controllable variance. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the overhead controllable variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Overhead Controllable Variance Controllable variance