[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. @ $4.40 per Ib.) Direct labor (6 hrs. @ $14 per hr.) Factory overhead-Variable (6 hrs. @ $8 per hr.) Factory overhead-Fixed (6 hrs. @ $11 per hr.) Total standard cost The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 60,000 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 70% 42,000 252,000 $132.00 84.00 48.00 66.00 $330.00 80% 48,000 288,000 $3,168,000 $3,168,000 $3,168,000 $2,016,000 $2,304,000 $2,592,000 Direct materials (1,620,000 Ibs. @ $4.40 per Ib.) Direct labor (324,000 hrs. @ $14 per hr.) Factory overhead (324,000 hrs. @ $19 per hr.) Total standard cost Actual costs incurred during the current quarter follow. During the current quarter, the company operated at 90% of capacity and produced 54,000 units of product; actual direct labor totaled 265,000 hours. Units produced were assigned the following standard costs. 90% 54,000 324,000 Direct materials (1,339,000 Ibs. @ $6.20 per lb.) $ 7,128,000 4,536,000 6,156,000 $17,820,000 $ 8,301,800
(a) Compute the varable owerhead spending and efficiency variances. (b) Compise the fixed oveithead spendinc and volume variances (c) Compute the total overthesd controllabie variance (a) Compute the variable overhead spending and efficiency variances: (b) Compute the fixed overiesd spending and volume varlances, (c) Compute the total overhead controllable variance. [The following information applies to the questions displayed below.] Trico Company set the following standard unit costs for its single product. The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 60,000 units per quarter. The following flexible budget information is available. During the current quarter, the company operated at 90% of capacity and produced 54.000 units of product; actual direct labor totaled 265,000 hours. Units produced were assigned the following standard costs. Actual costs incurred during the current quarter follow. (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. Compute the total overhead controllable variance 
