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[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 @ $5.50 per pound)$ 165.00Direct labor (7 hours @ $14 per hour)98.00Variable overhead (7 hours @ $6 per hour)42.00Fixed overhead (7 hours @ $12 per hour)84.00Standard cost per unit$ 389.00

Overhead is applied using direct labor hours. The standard overhead rate is based on a predicted activity level of 80% of the companys capacity of 62,000 units per quarter. The following additional information is available.

Operating Levels70%80%90%Production (in units)43,40049,60055,800Standard direct labor hours (7 DLH/unit)303,800347,200390,600Budgeted overhead (flexible budget) Fixed overhead$ 4,166,400$ 4,166,400$ 4,166,400Variable overhead$ 1,822,800$ 2,083,200$ 2,343,600

During the current quarter, the company operated at 90% of capacity and produced 55,800 units; actual direct labor totaled 386,600 hours. Units produced were assigned the following standard costs.

Direct materials (1,674,000 pounds @ $5.50 per pound)$ 9,207,000Direct labor (390,600 hours @ $14 per hour)5,468,400Overhead (390,600 hours @ $18 per hour)7,030,800Standard (budgeted) cost$ 21,706,200

Actual costs incurred during the current quarter follow.

Direct materials (1,658,000 pounds @ $7.60 per pound)$ 12,600,800Direct labor (386,600 hours @ $12.00 per hour)4,639,200Fixed overhead3,321,400Variable overhead3,109,400Actual cost$ 23,670,800

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.

Compute the overhead controllable variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) \begin{tabular}{|l|l|l|l|} \hline Req 1 & Req 2 & Req3ControllableVariance & Req3VolumeVariance \\ \hline \end{tabular} 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.) Compute the overhead volume variances. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) 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