Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. @ $4 per Ib.) Direct labor (5 hrs. @ $14 per hr.) Factory overhead-variable (5 hrs. $8 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 70% 80% 90% Production in units 42,000 48,000 54,000 Standard direct labor hours 210,000 240,000 270,000 Budgeted overhead Fixed factory overhead $2,400,000 $2,400,000 $2,400,000 Variable factory overhead $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 Ibs. @ $4 per Ib.) Direct labor (270,000 hrs. @ $14 per hr.) Factory overhead (270,000 hrs. @ $18 per hr.) Total standard cost $ 6,480,000 3,780,000 4,860,000 $15, 120,000 Actual costs incurred during the current quarter follow. Direct materials (1,615,000 Ibs. @ $4.10 per lb.) Direct labor (265,000 hrs. @ $13.75 per hr.) Fixed factory overhead costs Variable factory overhead costs $ 6,621,500 3,643,750 2,350,000 2,200,000 Next . Actual costs incurred during the current quarter follow. Direct materials (1,615,000 Ibs. @ $4.10 per 1b.) Direct labor (265,000 hrs. @ $13.75 per hr.) Fixed factory overhead' costs Variable factory overhead costs Total actual costs $ 6,621,580 3,643,750 2,350,000 2,200,000 $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 X Actual Variable OH Cost AH AVR 1,615,000 $ 4.10 $ 6,621,500 Flexible Budget AH SVR 1.615,000 X $ 4.00 $ 6,460,000 Standard Cost (VOH applied) SH SVR 1.620,000 x $ 4.00 s 6,480,000 $ 20,000 $ 161,500 Favorable Variable overhead efficiency variance Variable overhead spending variance $ 161,500 20,000 Unfavorable Unfavorable 7 Next (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) 0 $ 0 0 (c) Compute the total overhead controllable variance. Overhead Controllable Variance Total overhead controllable variance