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I need help with parts 1-3 and parts a-c regarding the Trico Company. Trico Company set the following standard unit costs for its single product.

I need help with parts 1-3 and parts a-c regarding the Trico Company.

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Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. e 4.80 per Ib.) Direct labor (6 hrs. $14 per hr.) Factory overhead-variable (6 hrs. $7 per hr.) Factory overhead-fixed (6 hrs. $12 per hr.) Total standard cost $144.00 84.00 42.00 72.00 $342.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 66,000 units per quarter. The following flexible budget information is available. Operating Levels 70% 46,200 277,200 80% 52,800 316,800 90% Production in units Standard direct labor hours Budgeted overhead 59,400 356,400 Fixed factory overhead Variable factory overhead $3,801,600 $3,801,600 $3,801,600 $1,940,400 $2,217,600 $2,494,800 During the current quarter, the company operated at 90% of capacity and produced 59,400 units of product; actual direct labor totaled 303,800 hours. Units produced were assigned the following standard costs Direct materials (1,782,000 Ibs. $4.80 per Ib.) Direct labor (356,400 hrs. e $14 per hr.) Factory overhead (356,400 hrs. e $19 per hr.6,771,600 Total standard cost $ 8,553,600 4,989,600 $20,314,800 Actual costs incurred during the current quarter follow. Direct materials (1,522,000 Ibs. $7.30 per lb.)$11,110,600 Direct labor (303,800 hrs. $13.10 per hr.) Fixed factory overhead costs Variable factory overhead costs Total actual costs 3,979,780 2,336,900 2,637,700 $20,064,980 Required: 1. Compute the direct materials cost variance, including its price and quantity variances Actual Cost Standard Cost (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) (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)

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