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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. 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. Actual costs incurred during the current quarter follow. Problem 21-4A Computation of materials, labor, and overhead variances LO P2, P3 Required: 1. Compute the direct materials cost variance, including its price and quantity variances. AQ= Actual Quantity 2. Compute the direct labor cost variance, including its rate and efficiency variances. AH = Actual Hours SH= Standard Hours AR=ActualRate SR= Standard Rate 3. Compute the overhead controllable and volume variances. 3. Compute the overhead controllable and volume variances