Required information [The following information applies to the questions displayed below.] Trini. Company set the following standard costs per unit for its single product 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 69,00 nits per quarter. The following additional information is available. During the current quarter, the company operated at 90% of capacity and produced 62,100 units; actual direct labor totaled 291,000 hours. Units produced were assigned the following standard costs. Actual costs incurred during the current quarter follow. 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. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs belo Compute the overhead controllable variance. (Indicate the effect of the va variance.) Compute the overhead volume variances. (Indicate the effect of variance.)