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. @ $4.80 per Ib.) $ 144.00 Direct labor (7 hrs. @ $14 per hr.) 98.00 Factory overheadvariable (7 hrs. @ $6 per hr.) 42.00 Factory overheadfixed (7 hrs. @ $9 per hr.) 63.00 Total standard cost $ 347.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 64,000 units per quarter. The following flexible budget information is available. Operating Levels 70% 80% 90% Production in units 44,800 51,200 57,600 Standard direct labor hours 313,600 358,400 403,200 Budgeted overhead Fixed factory overhead $ 3,225,600 $ 3,225,600 $ 3,225,600 Variable factory overhead $ 1,881,600 $ 2,150,400 $ 2,419,200 During the current quarter, the company operated at 90% of capacity and produced 57,600 units of product; actual direct labor totaled 400,200 hours. Units produced were assigned the following standard costs. Direct materials (1,728,000 Ibs. @ $4.80 per Ib.) $ 8,294,400 Direct labor (403,200 hrs. @ $14 per hr.) 5,644,800 Factory overhead (403,200 hrs. @ $15 per hr.) 6,048,000 Total standard cost $ 19,987,200 Actual costs incurred during the current quarter follow. Direct materials (1,715,000 Ibs. @ $6.30 per lb.) $ 10,804,500 Direct labor (400,200 hrs. @ $11.00 per hr.) 4,402,200 Fixed factory overhead costs 2,813,800 Variable factory overhead costs 2,634,200 Total actual costs $ 20,654,700 (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