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. @ $4.40 per Ib.) Direct labor (6 hrs. @ $14 per hr.) Factory overhead-variable (6 hrs. @ $8 per hr.) Factory overhead-fixed (6 hrs. & $12 per hr.) Total standard cost $132.00 84.00 48.00 72.00 $ 336.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 69,000 units per quarter. The following flexible budget information is available. Operating Levels 708 808 48,300 55,200 289,800 331,200 90% 62,100 372,600 Production in units Standard direct labor hours Budgeted overhead Fixed factory overhead Variable factory overhead $3,974,400 $3,974,400 $3,974,400 $2,318,400 $2,649,600 $2,980, 800 During the current quarter, the company operated at 90% of capacity and produced 62,100 units of product; actual direct labor totaled 291,000 hours. Units produced were assigned the following standard costs. Direct materials (1,863,000 Ibs. @ $4.40 per Ib.) Direct labor (372,600 hrs. @ $14 per hr.) Factory overhead (372,600 hrs. @ $20 per hr.) Total standard cost $ 8,197,200 5,216,400 7,452,000 $ 20,865,600 Actual costs incurred during the current quarter follow. Direct materials (1,466,000 Ibs. @ $7.40 per lb.) Direct labor (291,000 hrs. & $12.60 per hr.) Fixed factory overhead costs Variable factory overhead costs Total actual costs $10,848,400 3,666,600 3,014,600 3,272,200 $ 20,801,800 Required information (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) (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) (c) Compute the total overhead controllable variance. Overhead Controllable Variance Total overhead controllable variance