of 2 20 points eBook Print References [The following information applies to the questions displayed below.] Trini Company set the following standard costs per unit for its single product Direct materials (30 pounds @ $5.00 per pound) Direct labor (7 hours @ $14 per hour) Variable overhead (7 hours @ $7 per hour) Fixed overhead (7 hours @ $9 per hour) Standard cost per unit $ 150.00 98.00 49.00 63.00 $ 360.00 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 61,000 units per quarter. The following additional information is available. Production (in units) Standard direct labor hours (7 DLH/unit) Budgeted overhead (flexible budget) Fixed overhead Variable overhead. 70% 42,700 298,900 Operating Levels 80% 90% 48,800 341,600 54,900 384,300 $ 3,074,400 5 3,074,400 $ 2,092,300 $2,391,200 $ 3,074,400 $ 2,690,100 During the current quarter, the company operated at 90% of capacity and produced 54,900 units; actual direct labor totaled 316,300 hours. Units produced were assigned the following standard costs. Direct materials (1,647,000 pounds @ $5.00 per pound) Direct labor (384,300 hours @ $14 per hour) Overhead (384,380 hours $16 per hour) Standard (budgeted) cost $ 8,235,000 5,380,200 6,148,800 $ 19,764,000 12 ok 7 nces Actual costs incurred during the current quarter follow. Direct materials (1,364,000 pounds 57.80 per pound) Direct labor (316,300 hours e $11.10 per hour) Fixed overhead Variable overhead Actual cost $ 10,639,200 3,510,930 2,348,400 2,742,200 $ 19,240,730 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. Req 1 Req 21 Req 3 Controllable Variance Req 3 Volume Variance Compute the direct materials variance, including its price and quantity variances. (Indicate the effect of each variance by selecting favorable, un Actual Cost 20 points Req 11 Req 2 Reg 3 Controllable Req 3 Volume Variance Variance eBook Print References Compute the direct materials variance, including its price and quantity variances. (Indicate the effect of each variance by selecting favorable, un Actual Cost 2>> ww Req 1 Req 2 Req 3 Controllable Req 3 Volume Variance Variance Compute the direct labor variance, including its rate and efficiency variances. (Indicate the effect of each variance by selecting favorable, unfave Actual Cost Req 1 Req 2 Rey 3 Controllable Req 3 Volume Variance Variance Compute the overhead controllable variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Actual total overhead Controllable Variance Budgeted total overhead Controllable variance Req 1 Req 2 Req 3 Controllable Variance Req 3 Volume Variante Compute the overhead volume variances. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Budgeted total overhead Volume variance Standard overhead applied Volume variance C Pu12-2 Required (a) Compute the veriable overhead spending and efficiency variances (b) Compute the faed overhead spending and volume variances (e) Compute the overhead controllable variance Complete this question try entering your answers in the tabs below. Required A Repred Required C Compute the variable overhead spending and efficiency variances (nicate the effect of each variance by selecting bevorable, unfavorable, or no variance Round out Autost Variable Co Standard Chat (V ect of each variance by selecting favorable, unfavorable, or no variance. Round "cost per unit" and "rate per hour" answers to 2 decimal places Flexible Budget Standard Cost (VOH applied) Standard Cust rol spe Compute the fixed overhead spending and volume variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "ont per uni decimal places) Required A Required Required C Actual Fixed O Cast Bugeted Overheat Required A Required B Required C Compute the overhead controllable variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Overhead Controllable Variance Controllable variance