Use the following information for the Problems below. (Static) [The following information applies to the questions displayed below.] Trini Company set the following standard costs per unit for its single product. Direct materials (30 pounds @ $4 per pound) $ 120.00 Direct labor (5 hours $14 per hour). Variable overhead (5 hours @ $8 per hour) Fixed overhead (5 hours $10 per hour) Standard cost per unit 70.00 40.00 50.00 $280.00 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. Production (in units) Standard direct labor hours (5 DLH/unit) Budgeted overhead (flexible budget) Fixed overhead Variable overhead 70% 42,000 units 210,000 hours. $ 2,400,000 $ 1,680,000 Operating Levels 80% 48,000 units 240,000 hours. $ 2,400,000 $ 1,920,000 90% 54,000 units 270,000 hours. $ 2,400,000 $ 2,160,000 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 per pound) Direct labor (270,000 hours @ $14 per hour) Overhead (270,000 hours @ $18 per hour) Standard (budgeted) cost $ 6,480,000 3,780,000 4,860,000 $ 15,120,000 Standard (budgeted) cost Actual costs incurred during the current quarter follow. Direct materials (1,615,000 pounds @ $4.1 pp) Direct labor (265,000 hours $11.75 per hour) Fixed overhead Variable everhead Actual cost $ 15,120,000 $6,621,500 3,643,750 2,200,000 $14,815,250 Problem 21-5AA (Static) Expanded overhead variances LO PS 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, unfavorable, or no variance. Round "cunt per unit and Actual Variable OH Cost Flexible Budget < Prev 2 of 2 Next > Standard Cost (VOH applied) Required Information 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, unfavorable, or a variance. Round "cost per unit and Actual Variable OH Cost Flexible Budget Standard Cest (VOH applied 0 $ 0 0 Reged A Required B > Complete this question by entering your answers in the tabs below. 12 Required A Required B Required C Compute the fixed overhead spending and volume variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "cost per unit" and "rate answers to 2 decimal places.) Actual Fixed OH Cost Budgeted Overhead $ of 0 Brow Standerd Cost (FOst applied 8 2 Next > Complete this question by entering your answers in the tabs below. Required A Required B Required C Book: Print Compute the total controllable variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Overhead Controllable Variance rences Controllable variance < Required B Required C >