Required information (The following information applies to the questions displayed below) Trice Company set the following standard unit costs for its single product Direct material (30 The 54 per lb.) Direct labor (s hrs. $14 per kr.) Factory overhead-variable (5 heen per hr. Factory overhead-fixed 5 hrs. * $10 per her.) Total standard coat 5120.00 70.00 40.00 30.00 $280.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 60,000 units per quarter. The following flexible budget information is available. Operating Level 700 30 Production in unite 42,000 48,000 54,000 Standard direct labor hour 210,000 240,000 270,000 Budgeted overhead Fixed factory overhead $2,400,000 $2,400,000 $2,400,000 Variable factory overhead $1,600,000 $1.920,000 $2,160,000 During the current quarter, the company operated at 90% of capacity and produced 54,000 units of products actual direct labor totaled 265.000 hours. Units produced were assigned the following standard costs. Direct materials (1.620,000 Ibe64 per Ib.) Direct labor (270,000 hrs. 514 per te.) rectory overhead (270,000 hrs. . $10 per hr.) Total standard cout $ 6,480,000 3,780,000 6.360.000 515,120,000 Actual costs incurred during the current quarter follow Direct materials (1,615,000 lbs. 4.10 per 15.) Direct labor (265,000 hrs. + $13.75 per hr.) Fixed factory overhead coat. Variable factory overhead costa Total actual coats 6,621,500 3.643.750 2.350.000 2,200,000 $14,815,250 ta) Compute the variable overhead spending and efficiency variances (Round "cost per unit" and "rate per hour answers to 2 decimal places.)