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 lbs. @ $5.10 per Ib.) Direct labor (8 hrs. $14 per hr.) Factory overhead-Variable (8 hrs. @ $6 per hr.) Factory overhead-Fixed (8 hrs. $12 per hr.) Total standard cost $153.00 112.00 48.00 96.00 $499.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 66,000 units per quarter. The following flexible budget information is available. 80% Production in units Standard direct labor hours Budgeted overhead Fixed factory overhead Variable factory overhead Operating Levels 709 90% 46,200 52,800 59,490 369,600 422,400 475,200 $5,068,800 $5,068,800 $5,068,800 $2,217,600 $2,534,400 $2,851,200 During the current quarter, the company operated at 90% of capacity and produced 59,400 units of product, actual direct labor totaled 369,400 hours. Units produced were assigned the following standard costs. Direct materials (1,782,000 lbs. @ $5.10 per Ib.) Direct tabor (475,200 hrs. $14 per hr.) Factory overhead (475,200 hrs. @ $18 per hr.) Total standard cost $ 9,088,200 6,652,800 8,553,600 $24,294,600 Actual costs incurred during the current quarter follow. Direct materials (1,387,000 Ibs. @ $6.70 per lb.) Direct labor (369,460 hrs. @ $11.60 per hr.) Fixed factory overhead costs Variable factory overhead costs Total actual costs $ 9,292,900 4,285, 040 3, 196,500 3,466,700 $20, 241, 140 (a) Compute the variable overhead spending and efficiency variances (b) Compute the feed overhead spending and volume variances (c) Compute the total overhead controllable variance. A Required Required Required 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 Flexible Budget Standard Coat (VOH applied) 0 $ 0 0 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 Required Required 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 0 Required A Required c> (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 Required Required A B Compute the total overhead controllable variance. Overhead Controllable Variance Total overhead controllable variance