Required information 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 60,000 units per quarter. The following additional information is available. During the current quarter, the company operated of 90% of capacity and produced 54,000 units; actual direct labor totaled 265,000 hours. Units produced were assigned the following standard costs: Actual costs incurred during the current quarter follow. Required: 1. Compute the direct materiats variance, including its price and quantity variances. 2. Compute the direct labor variance, including its rate and efficiency variances: 3. Comoute the overhead controllable and volume variances: Compute the direct materials variance, indtiding its price and quantity variances. (Insicate the effect of each variance by selecting favorable, untaverable, of na variance, llound "cost per tanl Complete this questien by entering your answers in the tabs below