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 (6 hours @ $14 per hour) Variable overhead (6 hours @ $7 per hour) Fixed overhead (6 hours @ $9 per hour) Standard cost per unit $ 144.00 84.00 42.00 54.00 $ 324.00 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 57,000 units per quarter. The following additional information is available. Operating Levels 70% 80% 39,900 45,600 239,400 273,600 90% 51,300 307,800 Production (in units) Standard direct labor hours (6 DLH/units) Budgeted overhead (flexible budget) Fixed overhead Variable overhead $ 2,462,400 $ 1,675,800 $ 2,462,400 $ 1,915,200 $ 2,462,400 $ 2,154,600 During the current quarter, the company operated at 90% of capacity and produced 51,300 units actual direct labor totaled 304,800 hours. Units produced were assigned the following standard costs. Direct materials (1,539,000 pounds @ $4.80 per pound) Direct labor (307,800 hours @ $14 per hour) Overhead 7207.800 hours $16 ner hour $ 7,387,200 4,309,200 4.924.800 Direct materials (1,539,000 pounds @ $4.80 per pound) Direct labor (307,800 hours @ $14 per hour) Overhead (307,800 hours @ $16 per hour) Standard (budgeted) cost $ 7,387,200 4,309,200 4,924,800 $ 16,621,200 Actual costs incurred during the current quarter follow. Direct materials (1,519,000 pounds @ $7.30 per pound) Direct labor (304,800 hours @ $13.00 per hour) Fixed overhead Variable overhead Actual cost $ 11,088,700 3,962,400 2,337,000 2,187,800 $ 19,575,900 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. Reg 1 Reg 2 Reg 3 Controllable Variance Req 3 Volume Variance Compute the direct materiale variance including ite price and quantity wariances Indicate the effect of each wariance by colecting favorable unfavorable