Trini Company set the following standard costs per unit for its single product Direct materials (30 pounds @ $4.00 per pound) $ 120.00 Direct labor (7 hours @ $14 per hour) 98.00 Variable overhead (7 hours @ $7 per hour) 49.00 Fixed overhead (7 hours @ $11 per hour) 77.00 Standard cost per unit $ 344.00 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 63,000 units per quarter. The following additional information is available. Operating Levels 78% 80% 90% Production (in units) 44,100 50,400 Standard direct labor hours (7 DLH/unit) 56,700 308, 700 352,800 396,900 Budgeted overhead (flexible budget) Fixed overhead $ 3,880,800 $ 3,880,800 $ 3,880,800 Variable overhead $ 2,160,900 $2,469,600 $ 2,778,300 During the current quarter, the company operated at 90% of capacity and produced 56,700 units; actual direct labor totaled 393,900 hours. Units produced were assigned the following standard costs. Direct materials (1,701,000 pounds @ $4.00 per pound) $ 6,804,000 Direct labor (396,900 hours @ $14 per hour) 5,556,600 Overhead (396,900 hours @ $18 per hour) 7,144,200 Standard (budgeted) cost $ 19,504,800 Actual costs incurred during the current quarter follow. Direct materials (1,686,000 pounds @ $5.10 per pound) $ 8,598,600 Direct labor (393,980 hours @ $12.00 per hour) 4,726,800 Fixed overhead 3,380,000 Variable overhead 3, 164,200 Actual cost $ 19,869,600 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 to Required Compute the variable overhead spending and efficiency variances. Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "cout pe Actual Variable OH Cost Flexible Budget Standard Coat (VC 0 $ D Required> 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 Required Compute the fixed overhead spending and volume variances. (Indicate the effect of each vartance by selecting tavorable, untevorable, or no variance. Round "tout per una decimal places.) Actual Fixed OH Cost Budgeted Overhead Standard Cost FOH applied 0 $ (Required A Required) your answers in the tabs below. Required A Required B Required Compute the overhead controllable variance. (Indicate the effect of each variar variance.) Overhead Controllable Variance Controllable variance
