Use the following information for the Problems below. [The following information applies to the questions displayed below.] Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. @ $5.10 per Ib.) $ 153.00 Direct labor (8 hrs. @ $14 per hr.) 112.00 Factory overheadvariable (8 hrs. @ $6 per hr.) 48.00 Factory overheadfixed (8 hrs. @ $12 per hr.) 96.00 Total standard cost $ 409.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 52,000 units per quarter. The following flexible budget information is available. Operating Levels 70% 80% 90% Production in units 36,400 41,600 46,800 Standard direct labor hours 291,200 332,800 374,400 Budgeted overhead Fixed factory overhead $ 3,993,600 $ 3,993,600 $ 3,993,600 Variable factory overhead $ 1,747,200 $ 1,996,800 $ 2,246,400 During the current quarter, the company operated at 90% of capacity and produced 46,800 units of product; actual direct labor totaled 370,400 hours. Units produced were assigned the following standard costs. Direct materials (1,404,000 Ibs. @ $5.10 per Ib.) $ 7,160,400 Direct labor (374,400 hrs. @ $14 per hr.) 5,241,600 Factory overhead (374,400 hrs. @ $18 per hr.) 6,739,200 Total standard cost $ 19,141,200 Actual costs incurred during the current quarter follow. Direct materials (1,385,000 Ibs. @ $6.70 per lb.) $ 9,279,500 Direct labor (370,400 hrs. @ $11.50 per hr.) 4,259,600 Fixed factory overhead costs 3,196,600 Variable factory overhead costs 3,016,800 Total actual costs $ 19,752,500 Problem 23-4A Computation of materials, labor, and overhead variances LO P2, P3 Required: 1. Compute the direct materials cost variance, including its price and quantity variances.

(a) Compute the variable overhead spending and efficiency variances. (Round "cost per unit" and "rate per hour" answers to 2 decimal places.)