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. @ $4.88 per Ib.) Direct labor (8 hrs. a $16 per hr.) Factory overhead-variable (8 hrs. a $9 per hr.) Factory overhead-fixed (8 hrs. @ $12 per hr.) Total standard cost $144.00 128.00 72.00 95.00 $440.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 59,000 units per quarter. The following flexible budget information is available Operating Levels 704 80% 90% Production in units 41,300 47,200 53,100 Standard direct labor hours 330,400 377,600 424,800 Budgeted overhead Fixed factory overhead $4,531,200 $4,531,200 $4,531,200 Variable factory overhead $2,973,600 $3,398,480 $3,823,200 During the current quarter, the company operated at 90% of capacity and produced 53,100 units of product, actual direct labor totaled 420,800 hours. Units produced were assigned the following standard costs. Direct materials (1,593,000 lbs. 54.80 per Ib.) Direct labor (424.800 hrs. @ 516 per hr.) Factory overhead (424,800 hrs. @ 521 per hr.) Total standard cost $ 7,646,400 6.796,800 8,920,800 523,364,000 Actual costs incurred during the current quarter follow Direct materials (1,582,000 lbs. $5.90 per tb.) Direct Labor (420,800 hrs. $12.50 per hr.) 59,333,800 5,260,000 Help Save & Exit Direct materials (1,582,000 lbs. @ $5.90 per lb.) Direct labor (420,800 hrs. @ $12.50 per hr.) Fixed factory overhead costs Variable factory overhead costs Total actual costs $ 9,333, 800 5,260,000 4.297,600 4,023,200 $22.914,600 (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) 0 $ 0 01 (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) 0 $ D D (c) Compute the total overhead controllable variance Overhead Controllable Variance Total overhead controllable variance