Required information [The following information applies to the questions displayed below.) Trico Company set the following standard unit costs for its single product. points Direct materials (30 Ibs. @ $4.40 $132.00 per Ib.) Direct labor (6 hrs. @ $14 per hr.) 84.00 Factory overhead-variable (6 hrs. @ 48.00 $8 per hr.) Factory overhead-fixed (6 hrs. @ $12 per hr.) Total standard cost $336.00 72.00 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 70% 80% 90% Production in 48,300 55,200 62,100 units Standard direct 289.800 331,200 372,600 labor hours Budgeted overhead Fixed factory $3.974,400 $3,974,400 $3,974, 400 overhead Variable factory $2,318,400 $2,649,600 $2,980,800 overhead 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. s 8,197,200 @ $4.40 per Ib.) Direct labor (372,600 hrs. @ $14 (372,500 hrs. 1175, 216, 400 per hr.) Factory overhead (372,600 hrs. @ 21 $20 per hr.) Total standard cost $20,865,600 Actual costs incurred during the current quarter follow. Direct materials (1, 466,000 Ibs. $10.848.400 $7.40 per lb.) Direct labor (291,000 hrs. @ $12.60 3.666.600 per hr.) Fixed factory overhead costs 3,014,600 Variable factory overhead costs 3,272,200 Total actual costs $20,801,800 (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