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 (6 hrs. @ $14 per hr.) 84.00 Factory overheadvariable (6 hrs. @ $7 per hr.) 42.00 Factory overheadfixed (6 hrs. @ $9 per hr.) 54.00 Total standard cost $ 324.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 57,000 units per quarter. The following flexible budget information is available. Operating Levels 70% 80% 90% Production in units 39,900 45,600 51,300 Standard direct labor hours 239,400 273,600 307,800 Budgeted overhead Fixed factory overhead $ 2,462,400 $ 2,462,400 $ 2,462,400 Variable factory overhead $ 1,675,800 $ 1,915,200 $ 2,154,600 During the current quarter, the company operated at 90% of capacity and produced 51,300 units of product; actual direct labor totaled 304,800 hours. Units produced were assigned the following standard costs. Direct materials (1,539,000 Ibs. @ $4.80 per Ib.) $ 7,387,200 Direct labor (307,800 hrs. @ $14 per hr.) 4,309,200 Factory overhead (307,800 hrs. @ $16 per hr.) 4,924,800 Total standard cost $ 16,621,200 Actual costs incurred during the current quarter follow. Direct materials (1,519,000 Ibs. @ $7.30 per lb.) $ 11,088,700 Direct labor (304,800 hrs. @ $13.00 per hr.) 3,962,400 Fixed factory overhead costs 2,337,000 Variable factory overhead costs 2,187,800 Total actual costs $ 19,575,900 (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