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 @ $4.80 per pound) Direct labor (8 hours @ $16 per hour) Variable overhead (8 hours @ $9 per hour) Fixed overhead (8 hours @$12 per hour) $144.00 128.00 72.00 96.00 $ 440.00 Standard cost per unit 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 59,000 units per quarter. The following additional information is available. Production (in units) Standard direct labor hours (8 DLH/unit) Budgeted overhead (flexible budget) Fixed overhead Variable overhead 70% 41,300 330,400 Operating Levels 80% 47,200 377,600 90% 53,100 424,800 $ 4,531,200 $ 4,531,200 $ 2,973,600 $ 3,398,400 $ 4,531,200 $3,823,200 During the current quarter, the company operated at 90% of capacity and produced 53,100 units; actual direct labor totaled 420,800 hours. Units produced were assigned the following standard costs. Direct materials (1,593,000 pounds @ $4.80 per pound) Direct labor (424,800 hours @ $16 per hour) Overhead (424,808 hours @ $21 per hour) Standard (budgeted) cost Actual costs incurred during the current quarter follow. Direct materials (1,582,000 pounds @ $5.90 per pound) Direct labor (420,800 hours @ $12.50 per hour) Fixed overhead- Variable overhead Actual cost $ 7,646,400 6,796,800 8,920,800 $ 23,364,000 $ 9,333,800 5,260,000 4,297,600 4,023,200 $ 22,914,600 Direct materials (1,582,000 pounds @ $5.90 per pound) Direct labor (420,800 hours @ $12.50 per hour) Fixed overhead Variable overhead Actual cost $ 9,333,800 5,260,000 4,297,600 4,023,200 $ 22,914,600 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 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. Actual Cost + May 2 Standard Cost 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 direct labor variance, including its rate and efficiency variances. (Indicate the effect of each variance by selecting favorable, unfavorable, Actual Cont MacBook Air Star 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 31 Controllable Variance Req 3 Volume 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 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 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 variance