Required information 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 lbs. @ $5.10 per 10.) Direct lobor (8 hes. $14 per he.) Factory overhead-Variable (8 hrs. 36 per hr.) Factory overhead-Fixed (8 hrs. @ 512 per hr.) Total standard cost 5 153.00 112.00 48.00 96.00 $ 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 availoble. Operating Levels 70 sen Production in units 36,400 41,600 40,000 Standard direct labor hours 291, 200 332,800 374,400 Budgeted overhead Fixed Factory overhead $3,993,600 53,993,600 53,993,600 Variable factory overhead $1,747,200 $1,980,000 $2,246,400 During the current quarter, the company operated ot 90% of capacity and produced 46,800 units of product actual direct Ihr 270 The Budgeted overhead Fixed factory overhead Variable factory overhead $3,993,600 $3,993,600 $3,993,600 $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 lbs. @ $5.10 per Ib.) Direct labor (374,400 hrs. @ 514 per hr.) Factory overhead (374,400 hrs. @ $18 per hr.) Total standard cost $ 7,160,400 5,241,600 6,739,200 $19,141,200 Actual costs incurred during the current quarter follow, Direct materials (1,385,000 IDS @ $6.70 per 1b.) Direct labor (370,400 hrs. $11,50 per hr.) Fixed factory overhead costs Variable factory overhead costs Total actual costs $ 9,279,500 4,259,600 3,196,600 2,016,800 $19,752,500 Problem 08-5AA Expanded overhead variances LO P5 (n) Compute the variable overhead spending and efficiency variances (b) Compote the fored overhead spending and volume variances (c) Compute the total overhead controllable variance ered Compute the variable overhead spending and edency wariances. Round cost per unit and vote per hour answers to 2 decimal places.) Achal Variation Cost Flexible Elodget Standard Cost (VOH appe > cimal places.) Standard Cost (VOH applied) quired B > (n) Compute the variable overhead spending and efficiency variances (b) Compute the fixed overhead spending and volume variances (c) Compute the total overhead controllable variance Hequired Required Required Compute the fixed overhead spending and volume variances (Round cont per unit and rate per hour answers to decimal places) Anal OH Cost ludgeted Overhead Standard Cost (FOH applied Required A Reque (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 c Compute the total overhead controllable variance. Overhead Controllable Variance Total overhead controllable variance