BE Trico Company set the following standard unit costs for its single product Direct materials (30 Is $4.40 per tb.) Direct Tabor (hrs 514 per hr Factory overhead Variable (6 hrs. 39 per he) Factory overhead-Fixed (6hrs $12 perh.) Total standard cost 5 113.00 84. 54.80 22.30 $12.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive Camacity of 55.000 units per quarter. The following flexible budget Information is available Operating to tes Us Froduction in units 30.500 44, eee 49, se Standard direct labor hours 131,00 264.ee 97 ene Budgated averhead Fixed factory overhead 53, 169, 53,165,000 18,168,000 Variable factory overhead $2,079,000 $2,276,000 52,673,000 During the current quarter, the company operated at 90% of capacity and produced 49.500 units of product actual direct obor totaled 292,000 hours. Units produced were assigned the following standard con During the current quarter, the company operated at 90% of capacity and produced 49,500 units of product; actual direct labor totaled 292,000 hours. Units produced were assigned the following standard costs. Direct materials (1,485,000 Ibs. @ $4.40 per Ib.) Direct labor (297,000 hrs. @ $14 per hr.) Factory overhead (297,000 hrs. @ $21 per hr.) Total standard cost $ 6,534,000 4,158,000 6,237,000 $16,929,000 Actual costs incurred during the current quarter follow. Direct materials (1,474,000 Ibs. @ $7.40 per lb.) Direct labor (292,000 hrs. @ $12.50 per hr.) Fixed factory overhead costs Variable factory overhead costs Total actual costs $10,907,600 3,650,000 3,014,700 2,822,300 $20,394,600 lired: Required: 1. Compute the direct materials cost variance, including its price and quantity variances. 2. Compute the direct labor cost 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. Req 1 Reg 2 Reg 3 Controllable Variance Req 4 Volume Variance Compute the direct materials cost variance, including its price and quantity variances. (Indicate the effect of each variance by selecting for places.) Actual Cost Reg 2 Controllable Variance Req 4 Volume Variance et labor cost variance, including its rate and efficiency variances. (Indicate the effect of each variance by selecting for favorable, unfavorable, an Actual Cost Standard Cast 2. Compute the direct labor cost 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 Req2 Red Controllable Variance Rog Volum Variance Compute the controllable vanance. indicate the effect of each variance by selecting for favorable, unfavorable and no variance Controllable Variance Actual overhead Budgeted overhead Controllabie variance Req2 Req 4 Volume Variance > abor cost 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 Req 2 Req 3 Controllable Variance Req 4 Volume Variance Compute the volume variances. (Indicate the effect of each variance by selecting for favorable, unfavorable, an Fixed overhead volume variance Budgeted fixed overhead Fixed overhead cost applied Fixed overhead volume variance