Trini Company set the following standard costs per unit for its single product Direct materials (30 pounds @ $4.40 per pound) Direct labor (6 hours @ $14 per hour) Variable overhead (6 hours @ $8 per hour) Fixed overhead (6 hours @ $11 per hour) Standard cost per unit $ 132.00 84.00 48.00 66.00 $ 330.00 Overhead is applied using direct labor hours. The standard overhead rate is based on a predicted activity level of 80% of the company's capacity of 60,000 units per quarter. The following additional information is available. Operating Levels 70% Production (in units) 42,000 Standard direct labor hours (6 DLH/unit) 252,000 80% 48,000 288,000 90% 54,000 324,000 Fixed overhead $ 3,168,000 $3,168,000 $3,168,000 $ 2,016,000 $2,304,000 Budgeted overhead (flexible budget) Variable overhead $2,592,000 During the current quarter, the company operated at 90% of capacity and produced 54,000 units; actual direct labor totaled 265,000 hours. Units produced were assigned the following standard costs. Direct materials (1,620,000 pounds @ $4.40 per pound) Direct labor (324,000 hours @ $14 per hour) Overhead (324,000 hours @ $19 per hour) Standard (budgeted) cost $ 7,128,000 4,536,000 6,156,000 $ 17,820,000 Actual costs incurrea auring the current quarter follow. Direct materials (1,339,000 pounds @ $6.20 per pound) Direct labor (265,000 hours @ $12.00 per hour) Fixed overhead Variable overhead Actual cost $ 8,301,800 3,180,000 2,442,900 2,736,900 $ 16,661,600 Problem 8-5AA (Algo) Expanded overhead variances LO P5 Required: (a) Compute the variable overhead spending and efficiency variances. (b) Compute the fixed overhead spending and volume variances. (c) Compute the overhead controllable variance. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the variable overhead spending and efficiency variances. (Indicate the effect of each variance by selecting favorable, unfi Actual Variable OH Cost Flexible Budget uired A Required B Required C pute the fixed overhead spending and volume variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or mal places.) Actual Fixed OH Cost Budgeted Overhead < Required A Required C > Standa es Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the overhead controllable variance. (Indicate the effect of each variance by selecting favorable, un variance.) Overhead Controllable Variance Controllable variance