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

Direct materials (29 Ibs. @ $3.50 per Ib.)	$	101.50
Direct labor (5 hrs. @ $8.90 per hr.)		44.50
Factory overheadvariable (5 hrs. @ $5.30 per hr.)		26.50
Factory overheadfixed (5 hrs. @ $7.30 per hr.)		36.50
Total standard cost	$	209.00

The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 68,000 units per quarter. The following flexible budget information is available.

	Operating Levels
		70%		80%		90%
Production in units		47,600		54,400		61,200
Standard direct labor hours		238,000		272,000		306,000
Budgeted overhead
Fixed factory overhead	$	1,985,600	$	1,985,600	$	1,985,600
Variable factory overhead	$	1,261,400	$	1,441,600	$	1,621,800

During the current quarter, the company operated at 70% of capacity and produced 47,600 units of product; actual direct labor totaled 236,600 hours. Units produced were assigned the following standard costs:

Direct materials (1,380,400 Ibs. @ $3.50 per Ib.)	$	4,831,400
Direct labor (238,000 hrs. @ $8.90 per hr.)		2,118,200
Factory overhead (238,000 hrs. @ $12.60 per hr.)		2,998,800
Total standard cost	$	9,948,400

Actual costs incurred during the current quarter follow:

Direct materials (1,327,400 Ibs. @ $3.75 per lb.)

$

4,977,750

Direct labor (236,600 hrs. @ $8.67 per hr.)

2,051,322

Fixed factory overhead costs

1,928,600

Variable factory overhead costs

1,218,490

Total actual costs

$

10,176,162

Actual Variable OH Cost				Flexible Budget				Standard Cost (VOH applied)
AH	x	AVR		AH	x	SVR		SH	x	SVR
	x				x				x
Variable overhead spending variance
Variable overhead efficiency variance

Actual Fixed OH Cost				Budgeted Overhead				Standard Cost (FOH applied)
AH	x	AFR						SH	x	SFR
	x								x
Fixed overhead spending variance					Favorable
Fixed overhead volume variance					Unfavorable
Total fixed overhead cost variance					Unfavorable

Overhead Controllable Variance
Total overhead variance
Fixed overhead volume variance
Overhead controllable variance
Total overhead controllable variance