Required Information Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below.] TrInl 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 actlvity level of 80% of the company's capacity of 68,000 units per quarter. The following additional information is avallable. During the current quarter, the company operated at 90% of capacity and produced 61,200 units; actual direct labor totaled 239,800 hours. Units produced were assigned the following standard costs. Actual costs Incurred during the current quarter follow. Problem 21-4A (Algo) Computing materials, labor, and overhead variances LO P3, P4 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. Problem 21-4A (Algo) Computing materials, labor, and overhead variances LO P3, P4 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 overhead controllable variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Problem 21-4A (Algo) Computing materials, labor, and overhead variances LO P3, P4 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 overhead volume variances. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.)