Required Information [The following information applies to the questions displayed below] Trini Company set the following standard costs per unit for its single product Direct saterials (38 pounds @ $5.18 per pound) Direct labor (4 hours @ $15 per hour) variable overhead (4 hours $5 per hour) Fixed overhead (4 hours $10 per hour) Standard cost per unit $153.80 68.88 24.80 40.00 $ 277.80 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 68,000 units per quarter. The following additional information is avaliable. 78% 47,688 190,400 Operating Levels 54,400 217,600 Production (in units) Standard direct labor hours (4 DLH/unit) 1,200 244,800 Budgeted overhead (Flexible budget) Fixed overhead $ 2,176,000 Variable overhead $ 1,142,480 $ 2,176,000 $1,305,600 $ 2,176,800 $1,468,800 During the current quarter, the company operated at 90% of capacity and produced 61,200 units; actual direct labor totaled 238,800 hours. Units produced were assigned the following standard costs. Direct saterials (1,835,800 pounds @ $5.10 per pound) Direct labor (244,888 hours @ $15 per hour) Overfiad (244,880 hours $15 per hour) $9,363,680 3,672,000 3,915,800 Standard (budgeted) cost Actual costs incurred during the current quarter follow. Direct saterials (1,822,000 pounds $6.70 per pound) Direct labor (238,800 hours $12.3 per hour) Fixed overhead variable overt Actual cost $16,952,400 $ 12,287,400 2,883,480 1,942,700 1,68,700 $ 18,788,280 Required: (a) Compute the variable overhead spending and efficiency variances. (b) Compute the fixed overhead spending and volume variances. (c) Compute the overhead controllable variance. Complete this question by entering your answers in the tabs below. fquired B Required C Compute the variable overhead spending and efficiency variances. (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.) Actual Variable OH Cost Actual hours X Adual variable rate 238,800 X $ 6.99 $1,668,700 Variable overhead spending variance Variable overhead officiency variance Variable overhead variance $ 235,500 Flexible Budget Actual hours x Standard variabin rain 238.800 X $ 6.00 51432.800 S 235.900 Favorable 0 Favorable Favorable Pemind Required B > Standard Cost (VOH applied) Standard hours Standard variable rate 238,800 S 6.00 5 1432.800 A Required B Required C Compute the fixed overhead spending and volume variances, (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "cost per unit" and "rab decimal places.) Actual hours Actual Fixed OH Co X Actual fixed rate $ 8.14 238,800 $ 1,942,700 S $ Budgeted Overhead 0 445.300 $ 445,300 $ 1.942.700 $445,300 Standard Cost (FOH applied) Standard hours Standard ved rate 238,800 x 10.00 $ 2,388,000 Required A Requir Required C Compute the overhead controllable variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance) Overhead Controllable Variance Total variable overhead cost variance Fixed ovemead volume variance Total variable overhead cost variance Controllable variance