6 Required information (The following information applies to the questions displayed below. Trico Company set the following standard unit costs for its single product. 8 points 2 02:04:33 Direct materials (30 Ibs. @ $4.90 per Ib.) $147.00 Direct labor (4 hrs. $16 per hr.) 64.00 Factory overhead-variable (4 hrs. @ 24.00 $6 per hr.) Factory overhead-fixed (4 hrs. @ $10 40.00 per hr.) Total standard cost $275.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 67,000 units per quarter. The following flexible budget information is available. 90% Operating Levels 70% 80% Production in 46,900 units 53,600 60,300 Standard direct labor hours 187,600 214,400 241,200 Budgeted overhead Fixed factory $2,144,000 $2, 144,000 $2,144,000 overhead Variable factory $1,125,600 $1,286,400 $1,447,200 overhead During the current quarter, the company operated at 90% of capacity and produced 60,300 units of product; actual direct labor totaled 184,800 hours. Units produced were assigned the following standard costs. Direct materials (1,809,000 Ibs. @ $4.90 per Ib.) $ 8,864,100 Direct labor (241,200 hrs. @ $16 3,859, 200 per hr.) Factory overhead (241,200 hrs. @ $16 per hr.) 3,859, 200 Total standard cost $ 16,582,500 Actual costs incurred during the current quarter follow. Direct materials (1,413,000 Ibs. @ $7.70 per lb.) $10,880, 100 Direct labor (184,800 hrs. @ $11.10 per hr.) 2,051,280 Fixed factory overhead costs 1,318,400 Variable factory overhead costs 1,732,600 Total actual costs $15,982, 380 (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 Actual Variable OH Cost Standard Cost (VOH applied) SH SVR AH 1,412,000 Flexible Budget SVR AVR $ 0.00 $ 10 $ 0 Unfavorable Variable overhead efficiency variance Variable overhead spending variance Total variable overhead variance 0 Favorable $ 0 Unfavorable (b) Compute the fixed overhead spending and volume variances. (Round "cost per unit" and "rate per hour" answers to 2 decimal places.) AH = Actual Hours SH = Standard Hours AFR = Actual Fixed Rate SFR = Standard Fixed Rate Actual Fixed OH Cost Budgeted Overhead Standard Cost (FOH applied) AH X AVR 0 X $ 0 0 (c) Compute the total overhead controllable variance. Overhead Controllable Variance Total overhead controllable variance