Trico Company set the following standard unit costs for its single product Direct materials (30 Ibs $5 50 per Ib ) $ 165 00 Direct labor (7 hrs $14 per hr ) 98 00 Factory overheadvariable (7 hrs $6 per hr ) 42 00 Factory overheadfixed (7 hrs $12 per hr ) 84 00 Total standard cost $ 389 00 The predetermined overhead rate is based on a planned operating volume of 80 of the productive capacity of 62,000 units per quarter The following flexible budget information is available Operating Levels 70 80 90 Production in units 43,400 49,600 55,800 Standard direct labor hours 303,800 347,200 390,600 Budgeted overhead Fixed factory overhead $ 4,166,400 $ 4,166,400 $ 4,166,400 Variable factory overhead $ 1,822,800 $ 2,083,200 $ 2,343,600 During the current quarter, the company operated at 90 of capacity and produced 55,800 units of product actual direct labor totaled 386,600 hours Units produced were assigned the following standard costs Direct materials (1,674,000 Ibs $5 50 per Ib ) $ 9,207,000 Direct labor (390,600 hrs $14 per hr ) 5,468,400 Factory overhead (390,600 hrs $18 per hr ) 7,030,800 Total standard cost $ 21,706,200 Actual costs incurred during the current quarter follow Direct materials (1,658,000 Ibs $7 60 per lb ) $ 12,600,800 Direct labor (386,600 hrs $12 00 per hr ) 4,639,200 Fixed factory overhead costs 3,321,400 Variable factory overhead costs 3,109,400 Total actual costs $ 23,670,800 (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) (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 (c) Compute the total overhead controllable variance Overhead Controllable Variance Total overhead controllable variance

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Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. @ $5.50 per Ib.) $ 165.00 Direct labor (7

Trico Company set the following standard unit costs for its single product.


Direct materials (30 Ibs. @ $5.50 per Ib.)	$	165.00
Direct labor (7 hrs. @ $14 per hr.)		98.00
Factory overheadvariable (7 hrs. @ $6 per hr.)		42.00
Factory overheadfixed (7 hrs. @ $12 per hr.)		84.00
Total standard cost	$	389.00

The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 62,000 units per quarter. The following flexible budget information is available.

	Operating Levels
		70%		80%		90%
Production in units		43,400		49,600		55,800
Standard direct labor hours		303,800		347,200		390,600
Budgeted overhead
Fixed factory overhead	$	4,166,400	$	4,166,400	$	4,166,400
Variable factory overhead	$	1,822,800	$	2,083,200	$	2,343,600

During the current quarter, the company operated at 90% of capacity and produced 55,800 units of product; actual direct labor totaled 386,600 hours. Units produced were assigned the following standard costs.


Direct materials (1,674,000 Ibs. @ $5.50 per Ib.)	$	9,207,000
Direct labor (390,600 hrs. @ $14 per hr.)		5,468,400
Factory overhead (390,600 hrs. @ $18 per hr.)		7,030,800
Total standard cost	$	21,706,200

Actual costs incurred during the current quarter follow.


Direct materials (1,658,000 Ibs. @ $7.60 per lb.)	$	12,600,800
Direct labor (386,600 hrs. @ $12.00 per hr.)		4,639,200
Fixed factory overhead costs		3,321,400
Variable factory overhead costs		3,109,400
Total actual costs	$	23,670,800

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(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) (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 (c) Compute the total overhead controllable variance. Overhead Controllable Variance Total overhead controllable variance