Required information [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 @ $4.40 per pound) Direct labor (6 hours @ $14 per hour) Variable overhead (6 hours @ $8 per hour) Fixed overhead (6 hours @ $11 per hour) Standard cost per unit $ 132.00 84.00 48.00 66.00 $ 330.00 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 60,000 units per quarter. The following additional information is available. 80% 48,000 288,000 54,000 324,000 Operating Levels Production (in units) Standard direct labor hours (6 DLH per unit) 70% 42,000 252,000 90% Budgeted overhead (flexible budget) Fixed overhead $ 3,168,000 Variable overhead $ 2,016,000 $ 3,168,000 $2,304,000 $3,168,000 $ 2,592,000 During the current quarter, the company operated at 90% of capacity and produced 54,000 units; actual direct labor totaled 265,000 hours. Units produced were assigned the following standard costs. Direct materials (1,620,000 pounds @ $4.40 per pound) Direct labor (324,000 hours @$14 per hour) Overhead (324,000 hours @ $19 per hour) Standard (budgeted) cost Actual costs incurred during the current quarter follow. Direct materials (1,339,000 pounds $6.20 per pound) Direct labor (265,000 hours @ $12.00 per hour) Fixed overhead. Variable overhead Actual cost $ 7,128,000 4,536,000 6,156,000 $ 17,820,000 $ 8,301,800 3,180,000 2,442,900 2,736,900 $ 16,661,600 Required information 1. Compute the direct materials variance, including its price and quantity vanances. 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 Reg 2 Req 3 Controllable Variance Req 3 Volume Variance Compute the direct materials variance, including its price and quantity variances. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit answers to 2 decimal places. Actual Cost $ 0 S $ Req2> Check my work Standard Cost Required information. 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 Reciz Req 3 Controllable Variance Req 3 Volume Variance Compute the direct labor variance, including its rate and efficiency variances. Note: 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 Problems Saved Direct materials (1,339,000 pounds @ $6.20 per pound) Direct labor (265,000 hours @ $12.00 per hour) Fixed overhead Variable overhead Actual cost $ 8,301,800 3,180,000 2,442,900 2,736,900 $ 16,661,600 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 2 Req 3 Controllable. Variance Req 3 Volume Variance Compute the overhead controllable variance. Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Actual total overhead Controllable Variance: Budgeted total overhead i Controllable variance Help 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 11 Req 2 Req 3 Controllable Req 3 Volume Variance Variance Compute the overhead volume variances. Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Budgeted total overhead Volume variance Standard overhead applied Volume variance