Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. $4.80 per Ib.) Direct labor (6 hrs. @ $14 per hr.) Factory overhead-variable (6 hrs. @ $7 per hr.) Factory overhead-fixed (6 hrs. @ $12 per hr.) Total standard cost $ 144.00 84.00 42.00 72.00 $ 342.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 66,000 units per quarter. The following flexible budget information is available. 70% Operating Levels 80% 46,200 52,800 59,400 277,200 316,800 356,400 Production in units Standard direct labor hours Budgeted overhead Fixed factory overhead Variable factory overhead $3,801, 600 $3,801,600 $3,801,600 $1,949,400 $2,217,600 $2,494,800 During the current quarter, the company operated at 90% of capacity and produced 59,400 units of product, actual direct labor totaled 303.800 hours. Units produced were assigned the following standard costs. Direct materials (1,782,000 Ibs. @ $4.80 per Ib.) Direct labor 356,400 hrs. @ $14 per hr.) Factory overhead (556,400 hrs. @ $19 per hr.) Total standard cost $ 8,553,600 4,989,600 6,771,600 $20,314,800 Actual costs incurred during the current quarter follow. Direct materials (2,522,088 Ibs. @ $7.30 per lb.) Direct labor (303, B30 hrs. @ $13.10 per hr.) Fixed factory overhead costs Variable factory overhead costs Tote. actual costs $11, 110,600 3,979,780 2,336,900 2,637,700 $20,064,960 (a) Compute the variable overhead spending and efficiency variances. (Round "cost per unit" and "rate per hour answers te 2 decimal places) (a) Compute the variable overhead spending and efficiency variances. (Round "cost per unit" and "rate per hour" decimal places.) AH = Actual Hours SH= Standard Hours AVR = Actual Variable Rate SVR = Standard Variable Rate Actual Variable OH Cost Flexible Budget SVR Standard Cost (VOH applied) SH SVR X AVR X 0 Variable overhead spending variance 0 Unfavorable Variable overhead efficiency variance 9 Favorable Unfavorable Total variable overhead variance (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) S 0 0 (c) Compute the total overhead controllable variance. Overhead Controllable Variance Total overhead controllable variance