Required information Use the following information for the Problems below. (Algo) [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 $5.00 per pound) Direct labor (7 hours $14 per hour) Variable overhead (7 hours $7 per hour) Fixed overhead (7 hours @ $9 per hour) Standard cost per unit $ 150.00 98.00 49.00 63.00 $ 360.00 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 61,000 units per quarter. The following additional information is available. Production (in units) Standard direct labor hours (7 DLH/unit) Budgeted overhead (flexible budget) Fixed overhead Variable overhead Operating Levels 70% 42,700 298,900 BOW 48,800 341,600 900 54,900 384,300 $ 3,074,400 $ 3,074,400 $ 3,074,400 $ 2,092,300 $ 2,391,200 $ 2,690,100 During the current quarter, the company operated at 90% of capacity and produced 54,900 units; actual direct labor totaled 316,300 hours. Units produced were assigned the following standard costs. Direct materials (1,647,000 pounds e $5.00 per pound) Direct labor (384,300 hours $14 per hour) Overhead (384,300 hours $16 per hour) Standard (budgeted) cost Actual costs incurred during the current quarter follow. Direct materials (1,364,000 pounds $7.80 per pound) Direct labor (316,300 hours $11.10 per hour) Fixed overhead $ 8,235,000 5,380,200 6,148,800 $ 19,764,000 $ 10,639,200 3,510,930 2,348,400 $7.80 per pound) $11.10 per hour) Direct materials (1,364,000 pounds Direct labor (316,300 hours Fixed overhead Variable overhead Actual cost $ 10,639,200 3,510,930 2,348,400 2,742,200 $ 19,240,730 Problem 23-4A (Algo) Computing materials, labor, and overhead variances LO P3, P4 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. Req 1 Req 2 Req 3 Controllable Variance Req 3 Volume Variance Compute the direct materials variance, including its price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, a Actual Cost $ 0 $ $ 0 Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 Controllable Variance Req 3 Volume Variance Compute the direct labor variance, including its rate and efficiency variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Rou Actual Cost $ 0 0 $ 0 Standard Cost Problem 23-4A (Algo) Computing materials, labor, and overhead variances LO P3, P4 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. Req 11 Req 2 Req 3 Controllable Variance Req 3 Volume Variance Compute the overhead controllable variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Actual total overhead Controllable Variance 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. Req 1 Req 2 Req 3 Controllable Variance Req 3 Volume 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 roblem 23-5AA (Algo) Expanded overhead variances LO P5 equired: Compute the variable overhead spending and efficiency variances. ) Compute the fixed overhead spending and volume variances. ) Compute the overhead controllable variance. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the variable overhead spending and efficiency variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "cost per Actual Variable OH Cost $ Flexible Budget Meighted A Required B > Standard Cost (VON roblem 23-5AA (Algo) Expanded overhead variances LO P5 equired: Compute the variable overhead spending and efficiency variances. ) Compute the fixed overhead spending and volume variances. ) Compute the overhead controllable variance. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the fixed overhead spending and volume variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "cost per unit decimal places.) Actual Fixed OH Cost Budgeted Overhead $ 0 Standard Cost (FOH applied) Problem 23-5AA (Algo) Expanded overhead variances LO P5 Required: (a) Compute the variable overhead spending and efficiency variances. (b) Compute the fixed overhead spending and volume variances. (c) Compute the overhead controllable variance. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the overhead controllable variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Overhead Controllable Variance Controllable variance