Required information The following information applies to the questions displayed below.J Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. $4.80 $144.00 per Ib.) Direct labor (8 hrs. $16 per 128.00 hr.) Factory overhead -variable (8 hrs. $9 per hr.) Factory overhead -fixed (8 hrs. 96.00 $12 per hr.) Total standard cost 72.00 $440.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 59,000 units per quarter. The following flexible budget information is available. Operating Levels 70% 80% 90% Production in units Standard direct labor hours Budgeted overhead 41,300 47,200 53,100 330,400 377,600 424,800 Fixed factory $4,531,200 $4,531,200 $4,531,200 overhead Variable factory $2,973,600 $3,398,400 $3,823,200 overhead Required: 1. Compute the direct materials cost variance, including its price and quantity variances Standard os Actual Cost 2. Compute the direct labor cost variance, including its rate and efficiency variances Standard Cost Actual Cost 0 0 3. Compute the overhead controllable and volume variances Controllable Variance Actual overhead Budgeted overhead Controllable variance variance Budgeted fixed overhead Fixed overhead cost applied Fixed overhead