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7 please fill in the blanks Trini Company set the following standard costs per unit for its single product Overhead is applied using direct labor

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Trini Company set the following standard costs per unit for its single product 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 63,000 units per quarter. The following additional information is available. During the current quarter, the company operated at 90% of capacity and produced 56,700 units; actual direct labor totaled 393,900 hours. Units produced were assigned the following standard costs. 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. Compute the direct materials variance, Including its price and quantity variances. (Indicate the effect of each variance by Compute the direct materials variance, including its price and quantity variances. (Indicate the effect of each variance by selecting favorable (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 deci Compute the direct labor variance, including its rate and efficiency variances. (Indicate the effect of each variance by selecting favorable, uf places.) (Indicate the effect of each varlance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal Complete this question by entering your answers in the tabs below. Compute the overhead controllable variance. (Indicate the effect of the variance by selecting favorat variance.) Complete this question by entering your answers in the tabs below. Compute the overhead volume variances. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.)

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