Required information Skip to question 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 80 per Ib ) $ 144 00 Direct labor (7 hrs $14 per hr ) 98 00 Factory overheadvariable (7 hrs $6 per hr ) 42 00 Factory overheadfixed (7 hrs $9 per hr ) 63 00 Total standard cost $ 347 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 Operating Levels 70 80 90 Production in units 46,900 53,600 60,300 Standard direct labor hours 328,300 375,200 422,100 Budgeted overhead Fixed factory overhead $ 3,376,800 $ 3,376,800 $ 3,376,800 Variable factory overhead $ 1,969,800 $ 2,251,200 $ 2,532,600 During the current quarter, the company operated at 90 of capacity and produced 60,300 units of product actual direct labor totaled 399,200 hours Units produced were assigned the following standard costs Direct materials (1,809,000 Ibs $4 80 per Ib ) $ 8,683,200 Direct labor (422,100 hrs $14 per hr ) 5,909,400 Factory overhead (422,100 hrs $15 per hr ) 6,331,500 Total standard cost $ 20,924,100 Actual costs incurred during the current quarter follow Direct materials (1,711,000 Ibs $6 30 per lb ) $ 10,779,300 Direct labor (399,200 hrs $11 20 per hr ) 4,471,040 Fixed factory overhead costs 2,813,700 Variable factory overhead costs 3,084,100 Total actual costs $ 21,148,140 (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 Flexible Budget Standard Cost (VOH applied) AH AVR AH AVR SH SVR 399,200 $ 7 05 422,100 $ 9 00 $ 2,813,700 $ 3,798,900 $ 985,200 Total variable overhead variance $ 985,200 0 Variable overhead efficiency variance Variable overhead spending variance (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 SVR AH X SVR 0 Fixed overhead volume variance $ 0 0 (c) Compute the total overhead controllable variance Overhead Controllable Variance $ 688,900 Unfavorable 137,400 Favorable Variable overhead spending variance Variable overhead efficiency variance Fixed overhead spending variance Total overhead controllable variance 563,100 Favorable $ 11,600 Favorable

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Required information Skip to question [The following information applies to the questions displayed below.] Trico Company set the following standard unit costs for its single

Required information

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[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. @ $4.80 per Ib.)	$	144.00
Direct labor (7 hrs. @ $14 per hr.)		98.00
Factory overheadvariable (7 hrs. @ $6 per hr.)		42.00
Factory overheadfixed (7 hrs. @ $9 per hr.)		63.00
Total standard cost	$	347.00

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.

	Operating Levels
		70%		80%		90%
Production in units		46,900		53,600		60,300
Standard direct labor hours		328,300		375,200		422,100
Budgeted overhead
Fixed factory overhead	$	3,376,800	$	3,376,800	$	3,376,800
Variable factory overhead	$	1,969,800	$	2,251,200	$	2,532,600

During the current quarter, the company operated at 90% of capacity and produced 60,300 units of product; actual direct labor totaled 399,200 hours. Units produced were assigned the following standard costs.


Direct materials (1,809,000 Ibs. @ $4.80 per Ib.)	$	8,683,200
Direct labor (422,100 hrs. @ $14 per hr.)		5,909,400
Factory overhead (422,100 hrs. @ $15 per hr.)		6,331,500
Total standard cost	$	20,924,100

Actual costs incurred during the current quarter follow.


Direct materials (1,711,000 Ibs. @ $6.30 per lb.)	$	10,779,300
Direct labor (399,200 hrs. @ $11.20 per hr.)		4,471,040
Fixed factory overhead costs		2,813,700
Variable factory overhead costs		3,084,100
Total actual costs	$	21,148,140

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(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 Flexible Budget Standard Cost (VOH applied) AH AVR AH AVR SH SVR 399,200 $ 7.05 422,100 $ 9.00 $ 2,813,700 $ 3,798,900 $ 985,200 Total variable overhead variance $ 985,200 0 Variable overhead efficiency variance Variable overhead spending variance (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 SVR AH X SVR 0 Fixed overhead volume variance $ 0 0 (c) Compute the total overhead controllable variance. Overhead Controllable Variance $ 688,900 Unfavorable 137,400 Favorable Variable overhead spending variance Variable overhead efficiency variance Fixed overhead spending variance Total overhead controllable variance 563,100 Favorable $ 11,600 Favorable