Saved rk Trico Company set the following standard unit costs for its single product. Direct matorials (30 Ibs. Direct labor (6 hrs. e $14 per hr.) Factory overhead-variable (6 hrs. 8 $9 per hr.) Factory overhead-fixed (6 hrs. e $12 per hr.) Total standard cost $4.40 per Ib.) S132.00 84.00 54.00 72.00 $342.00 T e predetermined overhead rate is based on a planned operating volume of 80% of the produc ve capacity of 5500 units per quarter. The following flexible budget information is available Operating Levels 90% 49,500 Production in units 38, 500 44,000 standard direct labor 231,000 264,000 297,000 hours Budgeted overhead Fixed factory overhead Variable factory ovezhead $3,168,000 $3,168,000 $3,168,000 $2,079, 000 $2,376,000 $2, 673,000 During the arrent quarter, the company operated at 90% of capac ity and pr duo 49 500 labor totaled 292,000 hours. Units produced were assigned the following standard costs r its d prod t atan died Direct materials (1,485, 000 Ibs. e 4.40 per Ib.) Direct labor (297,000 hrs. 314 per hr.) Faetory overhead (297,000 hrs. S21 per hr. Total standard cost s 6,534,000 ,158,000 6,237,000 16,929, 000 Actual costs incurred during the current quarter follow Prev 3 4 of6Net DELL Saved Actual costs incurred during the current quarter follow Direct materials (1,474,000 Ihs. $7.40 per lb.) Direct labor (292,000 hrs. 8 $12.50 per hr-1 Pixed factory overhead costs Variable factory overhead costs Total actual costs $10, 907, 600 3,650,000 12 3, 014, 700 2,822,300 $20,394, 600 Required: 1. Compute the direct materiaks cost variance, including its price and quantity variances riet AQ Actual Quantity SQ Standard Quantity AP Actual Price erences SP Standard Price 2. Compute the drect labor cost variance, including ts rato and officiency variances Prov DeLL CONSRTPHONE5 MIDDLE PHONE. S747 Required information 2. Compute the direct labor cost variance, including its rate and efficiency variances AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate 3. Compute the overhead controllable and volume variances Prev or 6 Next DELL OD STAFF PONE EXT