Required intormation Use the following information for the Problems below. (Static) IThe following intormabion applies to the queshons displayco below] Trini Conceafy set the folowing standard costs per unit for its single product. Overhead is appiled using direct labor hours. The standard overthead rate is based on a piedcted activity level of gok of the cormany's copacity of 60,000 units per guarter. The following acditional information ia aveiable. Duing the current quacec, the corppary operated at 900 of capacity and produced 54.000 untwi acbal dkect laboe lntaled 2t5,000 heurs. Units produced were assigned the following stanctord costs. Actual cosis inciured 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 owerhead controllable and volume variances. Complete this question by entering your answers in the tabs below. Requlred: 1. Compute the direct materiels variance, Including its price and quantify variances 2. Compute the cirect latior variance, including its rate and efficiency variances: 3. Compute the dyerhead controllable and volume variances. Coenplete this question by entering your answers in the tabs below. 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. Compute the overhead controliable variance. (tndicate the effect of the variance by selecting favorable, unfavorable, or no Variance.) 3. Compute the overhead controllable and volume variances. 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, unfavorabie, or no varlance.) Required information Use the following information for the Problems below. (Static) [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 pledicted activity level of 80% of the company's capacity of 60.000 units per quarter. The following additional information is avallable. 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. 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. 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. Actual costs incurred during the current quarter follow. Problem 21-4A (Static) 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 varlances. 3. Compute the overhead controllabie and volume variances. Complete this question by entering your answers in the tabs below. Problem 21-4A (Static) 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. 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. Compute the overhead controllable variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) 3. Compute the overhead controllable and volume variances. 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.)
