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. @ $4.80 per Ib.) Direct labor (7 hrs. @ 514 per hr.) Factory overhead-Variable (7 hrs. @ $6 per hr.) Factory overhead-Fixed (7 hrs. $9 per hr.) Total standard cost $ 144.00 98.00 42.00 63.00 $ 347.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 64,000 units per quarter. The following flexible budget information is available. DOX Operating Levels 70% 80% 44,800 51,200 57,600 313,600 358,400 403,200 Production in units Standard direct labor hours Budgeted overhead Fixed factory overhead Variable factory overhead 53,225,600 $3,225,600 $3,225,600 $1,681,600 $2,150,400 $2,419,200 During the current quarter, the company operated at 90% of capacity and produced 57,600 units of product, actual direct labor totaled 400,200 hours Units produced were assigned the following standard costs Direct materials (1,728,000 lbs. 34.50 per Ib.) Direct labor (403,200 hes. $14 per hr.) Factory overhead (403,200 hrs. $15 per hr.) Total standard cost 58,294,400 5,644,500 6,048, $19.987,200 Actual costs incurred during the current quarter follow Direct materials (1,715,000 lbs. $6.30 per lb.) Direct labor (400,200 hrs. $11.00 per hr.) Fixed factory overhead costs Variable factory overhead costs Total actual costs $10,804,500 4,402,200 2,813,800 2,634200 $20,654,700 (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 (a) Compute the variable overhead spending and efficiency vacances Compute me fed overhead spending and volume variances Icy Complete al overhead controllable varice luq Recen Required Compute the variatie overhed spending and efficiency variances (Roundcost per unit and rate per hour answers to declina puce Actual Co Teil Standard Cont(VOH applied Required) (o) 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 Compute the fixed overhead spending and volume variances. (Round cont per unit and rate per hour answers to 2 decimal places) Actual Fixed OH Com Budgeted Overhead Standard Cost of applied) (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 total overhead controllable variance. Overhead Controllable Variance Total overhead controllable variance