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Required Information [The following information applles to the questlons displayed below.] Trin Company set the following standard costs per unit for Its single product Overhead
Required Information [The following information applles to the questlons displayed below.] Trin 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 actlivity level of 80% of the company's capacity of 67,000 units per quarter. The following additional Information is avallable. During the current quarter, the company operated at 90% of capacity and produced 60,300 units; actual direct labor totaled 184,800 hours. Units produced were assigned the following standard costs. Requlred: 1. Compute the direct materlals varlance, Including its price and quantity varlances. 2. Compute the direct labor varlance, Including Its rate and efficlency varlances. 3. Compute the overhead controllable and volume varlances. Complete this question by entering your answers in the tabs below. Compute the direct materials variance, including its price and quantity variances. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places. Complete this question by entering your answers in the tabs below. Compute the overhead volume variances. Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance
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