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its a 3 part question please answer all parts thank you! Required information Use the following information for the Problems below. (Algo) [The following information
its a 3 part question please answer all parts thank you!
Required information Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below.] 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 64,000 units per quarter. The following additional information is avaliable. During the current quarter, the company operated at 90% of capacity and produced 57,600 units; actual direct labor totaled 400,200 hours. Units produced were assigned the following standard costs. 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 64,000 units per quarter. The following additional information is available. During the current quarter, the company operated at 90% of capacity and produced 57,600 units; actual direct labor totaled 400,200 hours. Units produced were assigned the following standard costs. Actual costs incurred during the current quarter follow. Problem 23-4A (Algo) Computing materials, labor, and overhead variances LO P3, P4 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 Step by Step Solution
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