Trico Company set the following standard unit costs for its single product. Direct materials (30 lbs. @ $4 per Ib.) Direct labor (s hrs. @ $14 per hr.) Factory overhead-variable (5 hrs. @ $8 per hr.) Factory overheadfixed (5 hrs. @ $10 per hr.) Total standard cost $ 120.00 70.00 40.89 50.00 $288.00 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 70% 80% 42,800 48, eee 218, ege 249, eee 90% 54,800 270,000 Production in units Standard direct labor hours Budgeted overhead Fixed factory overhead Variable factory overhead $2,499,00 $2,400, doe $2,400, eee $1,680,000 $1 920,000 $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 (1,620,000 lbs. @ $4 per Ib. ) Direct labor (270,000 hrs. @ $14 per hr.) Factory overhead (270, eee hrs. @ $18 per hr.) Total standard cost $ 6,480, eee 3,780,000 4,860 000 $19, 120, eee Actual costs incurred during the current quarter follow. Direct materials (1,615,900 lbs. 34.19 per 1b.) Direct labor (265,099 hrs. $13.75 per hr.) Fixed factory overhead costs Variable factory overhead costs Total actual costs $ 6,521,5 3543,758 2,358,899 2, 209.80 $14,815, 250 (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 Acha Varahle OH COSE Flexible Budget Sandad COSE MOH 0 $ (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 Actal Fed OH Cost Budgeted Overhead Standard Cost (FOH applied 0 $ 0 O