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 (38 lbs. $5.10 per Ib. Direct labor (4 hrs. @ $15 per hr.) Factory overhead-Variable (4 hrs. @ $6 per hir) Factory overhead-Fixed (4 hrs. @ $11 per hr.) Total standard cost 5 153.00 60.ee 24.08 $281.88 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 68,000 units per quarter. The following flexible budget information is available Operating Levels 70% 80% 47,600 54,400 198,409 -217,600 61,200 244,800 Production in units Standard direct labor hours Budgeted overhead Fixed factory overhead Variable factory overhead $2,393,600 $2,393,600 $2,393,600 $1,142,488 $1,385,600 $1,468,800 During the current quarter, the company operated at 90% of capacity and produced 61,200 units of product, actual direct labor totaled 239,800 hours Units produced were assigned the following standard costs. Direct materials (1,836,000 lbs. @ $5.18 per Ib.) Direct labor (244,200 hrs. $15 per hr.) Factory overhead (244,800 hrs. @ $17 per hr.) Total standard cost $ 9,363,600 3,672 000 4,161,600 $17,197,200 Actual costs incurred during the current quarter follow Direct materials (1.826,800 Ibs. @ $6 70 per lb) Direct Labor (239,800 hes. $12.00 per hir) Fixed factory overhead costs variable factory overhead costs Total actual costs $12, 234, 280 2,B27,600 1,942,890 1.818.800 $18,875,400 (a) Compute the variable overhead spending and efficiency variances (b) Compute the fixed overhead spending and volume vadiances (c) Compute the total overhead controllable variance. (a) Compute the variable overhead spending and efficiency variances. (b) Compute the fixed overhead spending and volume variances. (c) Compute the total overhead controllable variance. Required A Required B Required C Compute the variable overhead spending and efficiency variances. (Round "cost per unit" and "rate per hour" answers to 2 decimal places.) Actual Variable OH Cost Actual variable rate Flexible Budget Standard variable rate Actual hours Standard Cost (VOH applied) Standard variable rate Actual hours Standard hours $ Required Required B > (a) Compute the variable overhead spending and efficiency variances. (b) Compute the fixed overhead spending and volume variances. (c) Compute the total overhead controllable variance. Required A Required B Required c Compute the fixed overhead spending and volume variances. (Round "cost per unit" and "rate per hour" answers to 2 decimal places.) Actual Fixed OH Cost Budgeted Overhead Standard Cost (FOH applied) 0 $ 0 (a) Compute the variable overhead spending and efficiency variances. (b) Compute the fixed overhead spending and volume variances. (c) Compute the total overhead controllable variance. Required A Required B Required Compute the total overhead controllable variance. Overhead Controllable Variance Total overhead controllable variance (Required B