Saved Trico Company set the following standard unit costs for its single product Direct materials (30 Ibs. $4.40 per Ib.) $132.00 Direct labor (6 hrs. $14 per hr.) Factory overhead-variable (6 hrs. 8 59 per 54.00 hr.) 84.00 Factory overhead-fixed (6 hrs. $12 per hr.) 72.00 Total standard cost 342.00 The predetermined overhead rate is based on a planned units per quarter. The following flexible budget information is available operating volume of 80% of the productive capacity of 55,000 rating Levels 80 704 38, 500 Production in units Standazd direct labor hours Budgeted overhead 44,00049, 500 231,000 264,00001 1297,000 $3, 168,000 $3, 168,000 $3.168,000 s2.079,000 $2.376,000 $2.673, 000 Fixed factory overhead overhead During the current quarter, the company operated at 90% of c pacty and produc d49500 units of pract at labor totaled 292,000 hours. Units produced were assigned the following standard costs al direct Direct materials (1,485,000 Ibs. 54.40 per Ib.) Direct labor (297,000 hrs. S14 per hr.) Factory overhead (297,000 hrs. $21 per hr. Total standard cost s 6,534,000 4,158,000 6,27,000 16,929, 000 Actual costs incurred during the current quarter follow Prev DELL Saved Direct labor (297,000 hrs. $14 per 4,158,000 hr.) Factory overhead (297,000 hrs. e $21 per hr.) Total standard cost 6, 237,000 $16,929,000 2 of 2 Actual costs incurred during the current quarter follow Direct materials (1,474,000 Ibs. $7.40 por lb.) Direct labor (292,000 hrs. $12.50 per 3, 650,000 hr.) Fixed factory overhead costs Variable factory overhead costs Total actual costs s10, 907,600 Book 3,014,700 $20,394, 600 Print eterences (e) Compute the variable overhead sponding and efficiency variances. (R ound "cost per unit" and "rate per hour" answers decimal places.) AH Actual Hours SH Standard Hours AVR Actual Variable Rate SVR Standard Variable Rate Prev 4 of 6Next DOLL OD STAFY PHONE EXT . eWeek 3 Homework Saved eek 3 Homework 4 Required information Part 2 ol 2 5 83 points eBook Print (b) Compute the fixed overhead spending and volume variances. (Round "cost per unit" and "rate per hour" answers to decimal places.) AH = Actual Hours SH Standard Hours AFR Actual Foxed Rate SFR Standard Fixed Rate Prov or 6 Next DELL