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Trico Company set the following standard unit costs for its single product.

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. $4.40 per Ib Direct labor (6 hrs. $14 per hr.) Factory overhead-variable (6 hra. $8 per hr.) Factory overhead-fixed (6 hrs.$11 per hr Total standard cost $132.00 84.00 48.00 66.00 $330.00 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. operating Levels 708 42,000 80% 48,000 90% 54,000 Production in units Standard direct labor hours Budgeted overhead 252, 000 288,000 34,0 $3,168,000 $3,168,000 $3,168,000 Fixed factory overhead Variable factory overhead 2,916,000 2,304,000 2,592,000 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 standhrd costs Direct materials (1,620,000 Iba. $4.40 per Ib.) Direct labor (324,000 hrs. $14 per hr.) ractory overhead (324,000 hrs. S19 per hr.) Total standard cost 7,128,000 ,536, 000 6,156,000 $17,820,000 IMG 3977jpg IMG 3976.jpg lems 1A, 4A & 5A-45 points Saved 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. $4.40 per Ib.) Direct labor (324,000 hrs. e $14 per hr.) Factory overhead (324,000 hrs. s19 per hr 6,156,000 Total standard cost e7,128,000 4,536,000 $17,820,000 Actual costs incurred during the current quarter follow. Direct materials (1,339,000 Ibs. $6.20 per lb.) 8,301,800 Direct labor (265, 000 hra. e $12.00 per hr.) Fixed factory overhead costs variable factory overhead costs Total actual costs 3,180,000 2,442,900 2,736,900 $16,661,600 Actual costs incurred during the current quarter follow. Direct materials (1,339,000 Ibs. $6.20 per 1b.) 8,301,800 Direct labor (265,000 hrs. $12.00 per hr.) Fixed factory overhead costs Variable factory overhead coats Total actual costs 3,180,000 2,442,900 2,736,900 $16,661, 600 (a) Compute the variable overhead spending and efficiency variances. (Round "cost per unit" and "rate per hour" answers to 2 decimal places.) Actual Variable OH Cost Flexible Budget Standard Cost (VOH applied) Actual variable rate Standard variable rate $ 6.00 Standard rate $ 6.00 Actual hours Actual hours Standard hours 370,400 $ 8.14 370,400 374,400 2,222,400 2,246,400 s 794,400 S 24,000 Variable averhead spending variance Variable overhead efficiency variance Total variable overhead variance 794,400 Unfavorable 24,000 Favorable $ 770,400 Unfavorable 0 Required information (b) Compute the fixed overhead spending and volume variances. (Round "cost per unit" and "rate per hour" answers to 2 decimal places.) Actual Fixed OH Cost Budgeted Overhead Standard Cost (FOH applied) Actual hours Actual fixed rate Standard Standard foxed rate hours 370,400 8.63 374.400 S 12.00 3,196,600 3,993,600 4,492,800 $ 797,000 $499,200 Fixed overhead spending variance Fixed overhead volume variance Total fixed overhead variance s 797,000 Favorable 499,200 Favorable ,296.200 Favorable (c) Compute the total overhead controllable variance. Overhead Controllable Variance Fixed overhead volume variance 499,200 [Favorable Total fixed overhead variance 1,296,200 Favorable (c) Compute the total overhead controllable variance. nces Overhead Controllable Variance $ 794,400 Unfavorable Variable overhead spending variance Variable overhead efficiency variance Fixed overhead spending variance Total overhead controllable variance 24,000 Favorable 797,000 Favorable $26,600 Favorable