Required information [The following information applies to the questions displayed below.] Trico Company set the following standard unit costs for its single product. The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 60,000 units per quarter. The following flexible budget information is available. During the current quarter, the company operated at 90% of capacity and produced 54,000 units of product; 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 materials cost variance, including its price and quantity variances. 2. Compute the direct labor cost 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. Compute the controliable variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance, ) 1. Compute the direct materials cost variance, including its price and quartity variances 2. Compute the diroct lobor cost variance, fincluding its rate and efficiency varfances: 3. Compute the overhead controllabie and volume variances: Complete this question by entering your answers in the tabs below. Required: 1. Compute the drect muleriais cost vanance, including its price and couantity variances. 2 Compute the direct labor cost voriance, incuding its rate and efficiency variances. 3. Compule the overthesd controllable and volume variances? Complete this questien by entering vour answers in the tabs below. Actual costs incurred during the current quarter follow. uired: ompute the direct materials cost variance, including its price and quantity variances. fompute the direct labor cost varlance, including its rate and efficiency variances. fompute the overhead controllable and volume variances. Complete this question by entering your answers in the tabs below. ompute the direct materials cost variance, including its price and quantity variances; (tndicate the effect of each voriance by selecting for favorable, unfoverabile, and n aces.) Required: 1. Compute the direct materials cost variance, including its price and quantity variances. 2. Compute the direct labor cost 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. Compute the volume variances. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.)
