Required information [The foiiowing in formation appiies to the questions o'ispiayed bE'JrOW.J.T Sedona Company set the following standard costs for one unit of its product forthis year. Direct material {20 pounds @ $3.20 per pound) Direct labor (10 hours @ $8.30 per DLH) Variable overhead (10 hours @ $4.?0 per DLH) Fixed overhead {10 hours @ $2.30 per DLH) Standard cost per unit a; 54. 53. 43. 23. s 213. 8 8 8 8 8 The $100 {$430 + $2.30) total overhead rate per direct labor hour (DLH) is based on a predicted activity level of 34,200 units. which is 60% ofthe factory's capacity of 5?,000 units per month. The following monthly flexible budget information is available. Flexible Budget Budgeted production (units) Budgeted direct labor {standard hours) Budgeted overhead Variable overhead Fixed overhead Total overhead 0 eratin 55% 31,359 313,599 $ 1,433,459 355,599 Levels 59% 34, 299 342, 999 5 1,593,499 385,599 % of ca acit 5595 33,959 339,599 $ 1,341,359 355,599 $ 2,259,959 $ 2,394,999 $ 2,523,959 During the current month, the company operated at 55% of capacity, direct labor of 295,000 hours were used, and the following actual overhead costs were incurred. Actual variable overhead Actual fixed overhead Actual total overhead $ 1,411,999 558,959 $ 2,259,959 AH = Actual Hours SH = Standard Hours AVR 2 Actual Variable Rate SVR = Standard Variable Rate 1. Compute the variable overhead spending and efficiency variances. 2. Compute the fixed overhead spending and volume variances. 3. Compute the controllable variance. Required information [The foiiowiiig information appiies to the questions dispiayed beiovigi Trini Company set the following standard costs per unit for its single product Direct materials (36 pounds @ $4.49 per pound) $ 132.69 Direct labor (6 hours @ $14 per hour) 84.69 Variable overhead (6 hours @ $3 per hour) 43.69 Fixed overhead {6 hours @ $11 per hour) 66.69 Standard cost per unit $ 339-39 Overhead is applied using direct labor hours The standard overhead rate is based on a predicted activity level of 80% of the company's capacity of 50.000 units per quarter. The following additional information is available. Operating Levels ?6% 89% 99% Production [in units) 35,999 49,999 45,999 Standard direct labor hours {6 DLHKunit) 219,999 249,999 229,969 Budgeted overhead (flexible budget) Fixed overhead $ 2,649,999 $ 2,649,999 $ 2,649,969 Variable overhead $ 1,639,999 $ 1,929,999 $ 2,169,999 During the current quarter, the company operated at 90% of capacity and produced 45,000 units; actual direct labor totaled 266.000 hours. Units produced were assigned the following standard costs. Direct materials [1,359,999 pounds @ $4.49 per pound) $ 5,949,969 Direct labor (2?9,969 hours @ $14 per hour) 3,239,969 Overhead {279,999 hours @ $19 per hour) 5,139,969 Standard (budgeted) cost $ 14,859,999 Actual costs incurred during the current quarter follovv. Direct materials [1,333,999 pounds @ $6.29 per pound) $ 8,264,699 Direct labor (266,969 hours @ $12.59 per hour) 3,325,999 Fixed overhead 2,443,999 Variable overhead 2,232,999 Actual cost $ 16,319,699 Required: 1. Compute the direct materials variance, including its price and quantity variances. 2. Compute the direct labor variance, including its rate and efficiency variances. 3. Compute the overhead controllable and volume variances. Required information [The folio wing information appties to the questions displayed beto w} Trini Company set the following standard costs per unit for its single product Direct materials (36 pounds @ $4.46 per pound) $ 132.66 Direct labor (6 hours @ $14 per hour} 84.66 Variable overhead (6 hours @ $8 per hour) 43.66 Fixed overhead {6 hours @ $11 per hour) 66.66 Standard cost per unit $ 335-99 Overhead is applied using direct labor hours. The standard overhead rate is based on a predicted activity level of 80% of the company's capacity of 50.000 units per quarter. The following additional information is available. Operating Levels 79% 86% 98% Production [in units) 35,666 46,666 45,666 Standard direct labor hours {6 DLHfunit) 216,666 246,666 226,666 Budgeted overhead (flexible budget) Fixed overhead $ 2,646,666 $ 2,646,666 $ 2,646,666 Variable overhead $ 1,686,666 $ 1,926,666 $ 2,166,666 During the current quarter, the company operated at 90% ofcapacity and produced 45,000 units; actual direct labor totaled 266.000 hours. Units produced were assigned the following standard costs. Direct materials (1,356,666 pounds @ $4.46 per pound) $ 5,946,666 Direct labor (2?6,666 hours @ $14 per hour) 3,286,666 Overhead {276,666 hours @ $19 per hour) 5,136,666 Standard {budgetedj cost $ 14,856,666 Actual costs incurred during the current quarter follow. Direct materials (1,333,666 pounds @ $6.26 per pound) $ 8,264,666 Direct labor (266,666 hours @ $12.56 per hour) 3,325,666 Fixed overhead 2,443,666 Variable overhead 2,28?,666 Actual cost $ 16,319,666 Required: lo} Compute the variable overhead spending and efciency variances. lb} Compute the fixed overhead spending and volume variances. [12) Compute the overhead controllable variance