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Please help with all parts. Required information Use the following information for the Problems below. (Algo) [) The following information applies to the questions displayed
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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 Direct materiala (30 pounds @ $5.10 per pound) $ 153.00 Direct labor (8 hours $14 per hour) 112.00 Variable overhead (8 hours e $6 per hour) 48.00 Pixed overhead (8 hours $12 per hour) 96.00 Standard cost per unit $ 409.00 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 66,000 units per quarter. The following additional information is available. Operating Levels 70% 808 908 Production in units) 46,200 52,800 59,400 Standard direct labor hours ( DLE/unit) 369,600 422,400 475,200 Budgeted overhead (flexible budget) Fixed overhead $ 5,068,000 $ 5,068,000 $ 5,068,800 Variable overhead $ 2,217,600 $ 2,534,400 $ 2,851,200 During the current quarter, the company operated at 90% of capacity and produced 59,400 units; actual direct labor totaled 369,400 hours. Units produced were assigned the following standard costs. Direct materials (1,782,000 pounds $5.10 per pound) $ 9,088,200 Direct labor (475,200 hours @ $14 per hour) 6,652,800 Overhead (475,200 hours $18 per hour) 8,553,600 Standard (budgeted) coat $ 24,294,600 Actual costs incurred during the current quarter follow. Direct materials (1,387,000 pounds # $6.70 per pound) Direct labor (369,400 hours $11.60 per hour) Pixed overhead Variable overhead Actual cost $ 9, 292,900 4,285, 040 3,196,500 3,466,700 $ 20,241,140 Problem 21-4A (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. Complete this question by entering your answers in the tabs below. Reg 3 Req1 Reg 2 Controllable Req 3 Volume Variance Variance Compute the direct materials variance, including its price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places. Actual Cost Standard Cost Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Req3 Controllable Variance Req 3 Volume Variance Compute the direct labor variance, including its rate and efficiency variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.) Actual Cost Standard Cost Complete this question by entering your answers in the tabs below. Req3 Req1 Req 2 Req 3 Volume Controllable Variance Variance Compute the overhead controllable variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Controllable Variance Actual total overhead Budgeted total overhead Controllable variance Complete this question by entering your answers in the tabs below. Reg 3 Req 1 Req 2 Controllable Req 3 Volume Variance Variance Compute the overhead volume variances. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Volume variance Budgeted total overhead Standard overhead applied Volume varianceStep by Step Solution
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