Required information [The following information applies to the questions displayed below.] Trini Company set the following standard costs per unit for its single product. 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 60,000 units per quarter. The following additional information is available. During the current quarter, the company operated at 90% of capacity and produced 54,000 units; actual direct labor totaled 265,000 hours. Units produced were assigned the following standard costs. Actual costs incurred during the current quarter follow. \begin{tabular}{|l||l|l|} \hline Required A & Required B & Required C \\ \hline \end{tabular} Compute the variable overhead spending and efficiency variances. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "cost per unit" and "rate per hour" answers to 2 decimal places. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{3}{|c|}{ Actual Variable OH Cost } & \multicolumn{3}{|c|}{ Flexible Budget } & & \multicolumn{5}{|c|}{ Standard Cost (VOH applied) } \\ \hline Actual hours & x & Actual variable rate & Actual hours & x & Standard variable rate & & Standard hours & & x & & rate \\ \hline \multirow[t]{2}{*}{265,000} & x & & 265,000 & x & & & 270,000 & & x & $ & 4.00 \\ \hline & & & & $1,060,000 & & \multirow{2}{*}{$20,000} & & & 1,080,000 & & \\ \hline & & & & & & & & & & & \\ \hline \multirow{2}{*}{\multicolumn{3}{|c|}{ Variable overhead spending variance }} & $ & & \multirow{3}{*}{ uired B } & & & & & \\ \hline & & & \multicolumn{3}{|l|}{20,000} & & & & & & \\ \hline & & & & & & & & & \\ \hline \end{tabular} Compute the fixed overhead spending and volume variances. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "cost per unit" and "rate per hour" answers to 2 decimal places. \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Overhead Controllable Variance } \\ \hline Controllable variance \\ \hline \end{tabular} Required B Required