3 Required information (The following information applies to the questions displayed below.] 5 points Trini Company set the following standard costs per unit for its single product - cBook Direct materials (30 pounds $4.40 per pound) Direct labor (6 hours @ $14 per hour) Variable overhead (6 hours $8 per hour) Fixed overhead (6 hours $12 per hour) Standard cost per unit $ 132.00 84.00 48.00 72.00 $ 336.00 Print 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 69,000 units per quarter. The following additional information is available. References Operating Levels 700 BOB 900 Production (in units) 49,300 55,200 62,100 Standard direct labor hours (6 DLH/unit) 289,800 331,200 372,600 Budgeted overhead (flexible budget) Fixed overhead $ 3,974,400 $ 3,974,400 $ 3,974,400 Variable overhead $ 2,319,400 $ 2,649,600 $ 2,980,800 During the current quarter, the company operated at 90% of capacity and produced 62,100 units; actual direct labor , totaled 291,000 hours. Units produced were assigned the following standard costs. Direct materials (1,863,000 pounds @ $4.40 per pound) $ 8,197,200 Direct labor (372,600 hours @ $14 per hour) 5,216,400 Overhead (372, 600 hours $20 per hour) 7,452,000 Standard (budgeted) cost $ 20,865,600 Actual costs incurred during the current quarter follow. Direct materials (1,466,000 pounds @ $7.40 per pound) Direct labor (291,000 hours $12.60 per hour) Fixed overhead Variable overhead Actual cost $ 10,848,400 3,666,600 3,014,600 3,272,200 $ 20,801,800 Required: 1. Compute the direct materials variance, including its price and quantity variances. 2. Compute the direct labor variance, including its rate and efficiency variances. 3. Compute the overhead controllable and volume variances. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Req3 Controllable Variance Reg 3 Volume Variance Compute the direct materials variance, including its price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places.) Actual Cost Actual quantity 292.000 Standard Cost x X Actual price $ 9.00 Actual quantity 292,000 Standard price $ 9.00 Standard quantity 297,000 Standard price 9.00 X $ $ 2,628,000 $2,628,000 $ 2.673.000 $ 0 $ 45,000 $ Direct materials price variance Direct materials quantity variance Direct materials variance 45,000 2,651,200 Unfavorable Favorable Unfavorable $ Req Reg 2 >