Required information 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 $5 10 per Ib ) $ 153 00 Direct labor (6 hrs $15 per hr ) 90 00 Factory overheadvariable (6 hrs $7 per hr ) 42 00 Factory overheadfixed (6 hrs $11 per hr ) 66 00 Total standard cost $ 351 00 The predetermined overhead rate is based on a planned operating volume of 80 of the productive capacity of 56,000 units per quarter The following flexible budget information is available Operating Levels 70 80 90 Production in units 39,200 44,800 50,400 Standard direct labor hours 235,200 268,800 302,400 Budgeted overhead Fixed factory overhead $ 2,956,800 $ 2,956,800 $ 2,956,800 Variable factory overhead $ 1,646,400 $ 1,881,600 $ 2,116,800 During the current quarter, the company operated at 90 of capacity and produced 50,400 units of product actual direct labor totaled 299,400 hours Units produced were assigned the following standard costs Direct materials (1,512,000 Ibs $5 10 per Ib ) $ 7,711,200 Direct labor (302,400 hrs $15 per hr ) 4,536,000 Factory overhead (302,400 hrs $18 per hr ) 5,443,200 Total standard cost $ 17,690,400 Actual costs incurred during the current quarter follow Direct materials (1,499,000 Ibs $6 30 per lb ) $ 9,443,700 Direct labor (299,400 hrs $12 50 per hr ) 3,742,500 Fixed factory overhead costs 2,604,700 Variable factory overhead costs 2,438,500 Total actual costs $ 18,229,400 (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) AVR SH 299,400 S 8 14 299,400 S 7 00 302,400 S 7 00 2,438,500 2,095,800 2,116,800 S 21,000 342,700 Variable overhead spending variance Variable overhead efficiency variance Variable overhead spending variance 342,700Unfavorable 21,000 Favorable 321,700 Unfavorable

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

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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. @ $5.10 per Ib.)	$	153.00
Direct labor (6 hrs. @ $15 per hr.)		90.00
Factory overheadvariable (6 hrs. @ $7 per hr.)		42.00
Factory overheadfixed (6 hrs. @ $11 per hr.)		66.00
Total standard cost	$	351.00

The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 56,000 units per quarter. The following flexible budget information is available.

	Operating Levels
		70%		80%		90%
Production in units		39,200		44,800		50,400
Standard direct labor hours		235,200		268,800		302,400
Budgeted overhead
Fixed factory overhead	$	2,956,800	$	2,956,800	$	2,956,800
Variable factory overhead	$	1,646,400	$	1,881,600	$	2,116,800

During the current quarter, the company operated at 90% of capacity and produced 50,400 units of product; actual direct labor totaled 299,400 hours. Units produced were assigned the following standard costs.


Direct materials (1,512,000 Ibs. @ $5.10 per Ib.)	$	7,711,200
Direct labor (302,400 hrs. @ $15 per hr.)		4,536,000
Factory overhead (302,400 hrs. @ $18 per hr.)		5,443,200
Total standard cost	$	17,690,400

Actual costs incurred during the current quarter follow.


Direct materials (1,499,000 Ibs. @ $6.30 per lb.)	$	9,443,700
Direct labor (299,400 hrs. @ $12.50 per hr.)		3,742,500
Fixed factory overhead costs		2,604,700
Variable factory overhead costs		2,438,500
Total actual costs	$	18,229,400

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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) AVR SH 299,400 S 8.14 299,400 S 7.00 302,400 S 7.00 2,438,500 2,095,800 2,116,800 S 21,000 342,700 Variable overhead spending variance Variable overhead efficiency variance Variable overhead spending variance 342,700Unfavorable 21,000 Favorable 321,700 Unfavorable