he following information applies to the questions displayed below.]

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

Direct materials (29 Ibs. @ $3 per Ib.)	$	87.00
Direct labor (6 hrs. @ $6 per hr.)		36.00
Factory overheadvariable (6 hrs. @ $4 per hr.)		24.00
Factory overheadfixed (6 hrs. @ $5 per hr.)		30.00
Total standard cost	$	177.00

The predetermined overhead rate is based on a planned operating volume of 70% of the productive capacity of 80,000 units per quarter. The following flexible budget information is available.

	Operating Levels
		60%		70%		80%
Production in units		48,000		56,000		64,000
Standard direct labor hours		288,000		336,000		384,000
Budgeted overhead
Fixed factory overhead	$	1,680,000	$	1,680,000	$	1,680,000
Variable factory overhead	$	1,152,000	$	1,344,000	$	1,536,000

During the current quarter, the company operated at 80% of capacity and produced 64,000 units of product; actual direct labor totaled 381,000 hours. Units produced were assigned the following standard costs:

Direct materials (1,856,000 Ibs. @ $3 per Ib.)	$	5,568,000
Direct labor (384,000 hrs. @ $6 per hr.)		2,304,000
Factory overhead (384,000 hrs. @ $9 per hr.)		3,456,000
Total standard cost	$	11,328,000

Actual costs incurred during the current quarter follow:

Direct materials (1,851,000 Ibs. @ $3.10 per lb.)

$

5,738,100

Direct labor (381,000 hrs. @ $5.75 per hr.)

2,190,750

Fixed factory overhead costs

3,378,679

Variable factory overhead costs

3,163,019

Total actual costs

$

14,470,548

Compute the overhead controllable and volume variances.

Controllable Variance

Actual overhead	$6,541,698
Budgeted Overhead	$
Controllable Variance	$	Favorable/Unfavorable

Fixed overhead volume variance

Budgeted fixed overhead	$1,680,000
Fixed overhead cost applied	$
Fixed overhead volume variance	$	Favorable/Unfavorable