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. @ $4.00 per Ib.) Direct labor (7 hrs. @$14 per hr.) Factory overhead-Variable (7 hrs. @ $7 per hr.) Factory overhead-Fixed (7 hrs. @ $11 per hr.) Total standard cost $120.00 98.00 49.00 77.00 $344.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 63,000 units per quarter. The following flexible budget information is available. Production in units Standard direct labor hours Budgeted overhead Fixed factory overhead Variable factory overhead Operating Levels 70% 44,100 308,700 80% 90% 50,400 352,800 56,700 396,900 $3,880,800 $3,880,800 $3,880,800 $2,160,900 $2,469,600 $2,778,300 During the current quarter, the company operated at 90% of capacity and produced 56,700 units of product; actual direct labor totaled 393,900 hours. Units produced were assigned the following standard costs. Direct materials (1,701,000 Ibs. @ $4.00 per Ib.) Direct labor (396,900 hrs. @ $14 per hr.) Factory overhead (396,900 hrs. @ $18 per hr.). Total standard cost $ 6,804,000 5,556,600 7,144,200 $19,504,800 Actual costs incurred during the current quarter follow. Direct materials (1,686,000 Ibs. @$5.10 per lb.) Direct labor (393,900 hrs. @ $12.00 per hr.) Fixed factory overhead costs Variable factory overhead costs Total actual costs $ 8,598,600 4,726,800 3,380,000 3,164,200 $19,869,600 (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 Required C Compute the variable overhead spending and efficiency variances. (Round "cost per unit" and "rate per hour" answers to 2 decimal places.) Actual Vartabia OH Cost Flexible Budget Required> Standard Cost (VOH applied) 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.) Achual Fixed OH Cost Budgeted Overhead Required A Required C> Standard Cost (FOH applied) Required A Required B Required C Compute the total overhead controllable variance. Overhead Controllable Variance Total overhead controllable variance