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 lbs. @ $5.00 per Ib.) Direct labor (7 hrs. $14 per hr.) Factory overhead-variable (7 hrs. @ $7 per hr.) Factory overhead-fixed (7 hrs. @ $9 per hr.) Total standard cost $150.00 98.00 49.00 63.00 $360.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 61,000 units per quarter. The following flexible budget information is available. Operating Levels 70% 80% 90% 42,700 48,800 54,900 298,900 341,600 384,300 Production in units Standard direct labor hours Budgeted overhead Fixed factory overhead Variable factory overhead $3,074,400 $3,074,400 $3,074,400 $2,092,300 $2,391,200 $2,690, 100 During the current quarter, the company operated at 90% of capacity and produced 54,900 units of product; actual direct labor totaled 316,300 hours. Units produced were assigned the following standard costs. Direct materials (1,647,000 Ibs. @ $5.00 per Ib.) Direct labor (384,300 hrs. @ $14 per hr.) Factory overhead (384,300 hrs. @ $16 per hr.) Total standard cost $ 8,235,000 5,380,200 6,148,800 $19,764,000 Actual costs incurred during the current quarter follow. Direct materials (1,364,000 lbs. @ $7.80 per lb.) Direct labor (316,300 hrs. @ $11.10 per hr.) Fixed factory overhead costs Variable factory overhead costs Total actual costs $10,639,200 3,510,930 2,348,400 2,742,200 $19, 240,730 (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 AH AVR Flexible Budget SVR Standard Cost (VOH applied) SH SVR AH X (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