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Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. @ $5.10 per Ib.) Direct labor (6 hrs. @ $15 per hr.) Factory overhead-Variable (6 hrs. @ $7 per hr.) Factory overhead-Fixed (6 hrs. $11 per hr.) Total standard cost $153.00 90.00 42.00 66.00 $351.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive cap units per quarter. The following flexible budget information is available. Production in units Standard direct labor hours Budgeted overhead Fixed factory overhead Variable factory overhead Operating Levels 708 808 90 39,200 44,800 50,400 235, 200 268,800 302,400 $2,956,800 $2,956,800 $2.956,800 $1,646,400 $1,881,600 $1,116,800 During the current quarter, the company operated at 90% of capacity and produced 50,400 units of produc labor totaled 299,400 hours. Units produced were assigned the following standard costs. Direct materials (1,512,000 lbs. @ $5.10 per Ib.) Direct labor (302,400 hrs. $15 per hr.) Factory overhead (302,400 hrs. e $10 per hr.) Total standard cost $ 7,711,200 4,536,000 5,443,200 $17,690,400 Actual costs incurred during the current quarter follow. During the current quarter, the company operated at 90% of capacity and produced 50,400 units of product; actual direct labor totaled 299,400 hours. Units produced were assigned the following standard costs. Direct materials (1,512,000 lbs. 2 65.10 per Ib.) Direct labor (302, 400 hrs. $15 per hr.) Factory overhead (302,400 hrs. e $18 per hr.) Total standard Cont $ 7,711,200 4,536,000 5.443,200 $17,690,400 Actual costs incurred during the current quarter follow, Direct materials (1,499,000 Ibs. $6.30 per lb.) Direct labor (299,400 hrs. $12.50 per hr.) Pixed factory overhead cost Variable factory overhead conta Total actual costs $ 9.443,700 3,742,500 2,604,700 2,438, 318, 229,400 (a) Compute the variable overhead spending and efficiency variances. (b) Compute the fixed overhead spending and volume variances. (c) Compute the total overhead controllable variance. Required A Required B Required bute the variable overhead spending and efficiency variances sute the fixed overhead spending and volume variances ute the total overhead controllable variance. ad A Required B Required c te 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 Cool (V 0 5 0 Required) (a) Compute the variable overhead spending and efficiency variances (b) Compute the fixed overhead spending and volume variances. (c) Compute the total overhead controllable variance. Required Required Required Compute the fixed overhead spending and volume variances. (Round "cost per unit and rate per hour answers to 2 decimal places) Actual Fund OH Cost Budstad Overhead ditandard Coopplied 0

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