Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. $5. 50 per Ib.) Direct labor (7 hrs. $14 per hr) Factory overhead-variable (7 hrs. $6 per hr.) Factory overhead-fixed (7 hrs. @ $12 per hr.) Total standard cost $ 165.00 98.00 42.00 84.00 $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 erating Levels 70% 43, 400 303, 800 80% 49, 600 90% Production in units Standard direct labor hours Budgeted overhead 55, 800 390, 600 347, 200 Fixed factory overhead Variable factory overhead $ 4, 166, 400 $ 4, 166, 400 $4,166, 400 $ 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.) Direct labor (390, 600 hrs. $14 per hr.) Factory overhead (390, 600 hrs. $18 per hr.) Total standard cost $9, 207, 000 5, 468, 400 7, 030, 800 $21, 706, 200 Actual costs incurred during the current quarter follow Direct materials (1,658,000 Ibs.@ $7.60 per lb.) Direct labor (386, 600 hrs. $12. 00 per hr.) Fixed factory overhead costs Variable factory overhead costs Total actual costs $12, 600, 800 4, 639, 200 3, 321, 400 3, 109, 400 $23, 670, 800 . Compute the overhead controllable and volume variances. Controllable Variance Actual overhead Budgeted overhead Controllable variance Fixed overhead volume variance Budgeted fixed overhead Fixed overhead cost applied Fixed overhead volume variance (a) Compute the variable overhead spending and efficiency variances. (Round "cost per unit" and "rate per hour" answers to 2 decimal places.) 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.) Actual Fixed OH Cost Budgeted Overhead Standard Cost (FOH applied) (c) Compute the total overhead controllable variance Overhead Controllable Variance Total overhead controllable variance