Required information The following information applies to the questions displayed below.) 6 Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. e $5.10 per Ib.) Direct labor (8 hrs. $14 per hr.) Factory overhead-variable (8 hrs. $6 per hr.) Factory overhead-fixed (8 hrs. $12 per hr.) Total standard cost $153.00 112.00 48.00 96.00 $409.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 52,000 units per quarter. The following flexible budget information is available. Operating Levels 70 808 36,400 41,600 291,200 332,800 900 46,800 374,400 Production in units Standard direct labor ho Budgeted overhead Fixed factory overhead Variable factory overhead $3,993,600 $3,993,600 $3,993,600 $1,747,200 $1,996, 800 $2,246,400 During the current quarter, the company operated at 90% of capacity and produced 46,800 units of product; actual direct labor totaled 370,400 hours. Units produced were assigned the following standard costs. Direct materials (1,404,000 Ibs. @ $5.10 per Ib.) Direct labor (374,400 hrs. $14 per hr.) Factory overhead (374,400 hrs. e $18 per hr.) Total standard cost $ 7,160,400 5.241,600 6,739,200 $19,141.200 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 52,000 units per quarter. The following flexible budget information is available. Operating Levels 700 B08 36,400 41,600 291,200 332,800 Production in units Standard direct labor hours Budgeted overhead Fixed factory overhead Variable factory overhead 900 46,800 374,400 $ 3,993,600 $3,993,600 $3,993,600 $1,747,200 $1,996,800 $2,246,400 During the current quarter, the company operated at 90% of capacity and produced 46,800 units of product; actual direct labor totaled 370,400 hours. Units produced were assigned the following standard costs, Direct materials (1,404,000 lbs. $5.10 per Ib.) Direct labor (374,400 hrs. @ $14 per hr.) Factory overhead (374,400 hrs. $18 per hr.) Total standard cost $ 7,160,400 5,241,600 6,739,200 $19,141,200 Actual costs incurred during the current quarter follow. Direct materials (1,385,000 Ibs. $6.70 per lb.) Direct labor (370,400 hrs. $11.50 per hr.) Fixed factory overhead costs Variable factory overhead costs Total actual costs $ 9,279,500 4,259, 600 3,196,600 3,016,800 $19,752,500 (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 Flexible Budget Standard Cost (VOH applied) Actual Variable OH Cost AH 0 $ 0 (b) Compute the fixed overhead spending and volume variances. (Round "cost per unit" and "rate per hour answers to 2 decimal (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) 0 $ 0 0 (c) Compute the total overhead controllable variance. Overhead Controllable Variance Total overhead controllable variance