Trico Company set the following standard unit costs for its single product Direct materials (30 lbs. @ $4 per Ib.) Direct labor (5 hrs. $14 per hr.) Factory overhead-variable (5 hrs. 58 per hr.) Factory overhead-fixed (5 hrs. @ $10 per hr.) Total Standard cost $ 120.00 70.00 40.00 50.00 $ 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 Levels 78% 42,000 48,00 210,000 248.000 90% 54,80 270,000 Production in units Standard direct labor hours Budgeted overhead Fixed factory overhead Variable factory overhead $2,400,000 $2,408,eee $2,400,000 $1,680,000 $1,920.00 $2,160,000 During the current quarter the company operated at 90% of capacity and produced 54 000 units of product actual direct labor totaled 265.000 hours. Units produced were assigned the following standard costs Direct materials (1,628,000 tbs. 34 per Ib.) Direct labor (270,888 hrs. @ 514 per hr) Factory overhead (270,000 hrs. $18 per hr Total standard cost $ 6,480,000 Ble.80 4,860,000 $15, 120,00 Actual costs incurred during the current quarter follow Direct materials (1.615,008 Tbs @ $4.Lo per lb Direct labor 265,90 hrs. $12.95 per Fixed factory overhead costs Variable factory overhead costs 6.621. See 3.645,75 2,250,00 2,200,000 RE Next Direct materials (1,615,000 lbs. 54.10 per lb.) Direct labor (265,000 hrs. @ $13.75 per hr.) Fixed factory overhead costs Variable factory overhead costs Total actual costs $ 6,621,500 3,643,750 2,350,000 2,200, $14,815,250 Problem 21-5AA Expanded overhead variances LO P4 (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 AH AVR 265,000 X S 830 $ 2.200.000 Answer is not complete. Flexible Budget AH SVR 265,000 X 5 800 OO Standard Cont (VOH applied) SH X SVR 270 000 X S 8.00 5 2,160,000 12,120 000 15 80,000 540,000 $ 80,000 40.000 (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 Answer is not complete. Actual Fixed OH Cost Budgeted Overhead Standard Control applied 5 O 0 (c) Compute the total overhead controllable variance Overhead Controllable Variance Total overhead controllable variance