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 54 per pound) Direct labor (5 hours $14 per hour) Variable overhead (5 hours $8 per hour) Fixed overhead ( hours $10 per hour) Standard cost per unit $ 120.00 70.00 40.00 50.00 $ 280.00 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. Operating Levels 70% BOX 903 Production (in units) 42,000 units 48,000 units 54,000 units Standard direct labor hours (5 DLH/unit) 210,000 hours 240.000 hours 270,000 hours Budgeted overhead (flexible budget) Fixed overhead $ 2,400,000 $ 2,400,000 52,400,000 Variable overhead $1,680,000 $ 1,920,000 $ 2,160,000 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 54 per pound) $ 6,480,000 Direct labor (270,000 hours 514 per hour 3,780,000 Overhead (270,000 hours @ $10 per hour) 4.860,000 Standard (budgeted) cost $ 15,120,000 Actual costs incurred during the current quarter follow Direct materials (1,615,000 pounds 54.10 per pound) Direct labor (265,000 hours $13.75 per hour) Fixed overhead Variable overhead Actual cost $ 5,621,500 3,643,750 2,350,000 2,200,000 $ 14,815,250 Required: 1. Compute the direct materials variance, including its price and quantity wanances 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 Rea 1 Meg 2 Controle Volume variance Variance Compute the direct materiais variance Induding its price and quantity wariances (dicate the effect of advance by acting facturale e ho lance and contesto decimal places) Standard Actual Cost Reg 2 > Required: 1. Compute the direct materiais 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. Red 2 Contre Rea Volo Vance Valance Compute the direct labor variance, including its rate and efficiency variances indicate the effect of the tanca to two decimal places) Achat Cout > 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 25 Complete this question by enterin your answers in the tabs below. Req3 Req 3 Volume Reg 1 Reg 2 Controllable Variance 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. Req3 Reg 1 Reg 2 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