Seved Required information Use the following information for the Problems below. (The following information applies to the questions displayed below.) Trico Company set the following standard unit costs for its single product Direct materials (30 lbs. & $4.80 per tb.) Direct labor (6 hrs. $14 per hr.) Factory overhead Variable 6 hr. 8 $7 per hr.) Tactory overhead Fixed (6 hrs. $9 per hr.) Total standard coat $144.00 84.00 42.00 54.00 $324.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 57.000 units per quarter. The following flexible budget information is available, Operating Levels 709 900 Production in unite 39,900 45,600 51,300 Standard direct labor hours 239,400 273,600 Tudgeted overhead 307,200 Fixed factory overhead $2,462,400 $2,462,400 $2,462,400 Variable factory overhead $1,675,500 51,915,200 $2,154,600 ces During the current quarter, the company operated at 90% of capacity and produced 51,300 units of product actual direct labor totaled 304,800 hours. Units produced were assigned the following standard costs. Direct materials (1,539,000 lbs. 34.80 per tb.) Direct labor (307,800 hrs. $14 per hr. Factory overhead (307,000 h. e $16 perh.) Total standard cost $7,387,200 4,309, 200 4.920,000 $16.621.200 Actual costs incurred during the current quarter follow. Direct materials (1,519,000 Tbs. 97.30 per 1b.) Direct Labor (304.800 hrs. $13.00 per hr.) Fixed factory overhead Variable factory overhead costs Total actual coats 511.083.700 .962.000 2.337.000 2. 12.00 $19,575.900 Problem 23-4A Computing materials, labor, and overhead variances LO P3, P4 Required: 1. Compute the direct materia cost variance, including its price and quantity variances 2. Compute the direct labor cost 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 cost variance, including its price and quantity variances 2. Compute the direct labor cost variance, including its rate and efficiency variances. 3. Compute the overhead controllable and volume varances Complete this question by entering your answers in the tabs below. se 2 Control Red 4 Vome Variance Variance Compute the direct material cost valahon, including its price and quantity wariance Indicate the face of each variance by electing for andre va audut per plus and cu Atun Com Required: 1. Compute the direct materials cost variance, including its price and quantity variances 2. Compute the direct labor cost variance, vicluding its rate and efficiency variance 3. Compute the overhead controllable and volume variances Complete this question by entering your answers in the tabs below 1 CM 4 Volume Varance VaR Compute the direct labor con variance, Inducting rate and ciency variances, (Ind.cate the effect och variance by sa tag for two untavaa, and no wariance, and he Geomad places A CHE award can 1 Next > Required: 1. Compute the direct materials cost variance, including its price and quantity variances. 2. Compute the direct labor cost 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. Reg 3 Reg 1 Reg 2 Controllable Red 4 Volume Variance Variance Compute the controllable variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) Controllable Variance Actual overhead Budgeted overhead Controllable variance Rega Mega Vaam Variance > Required: 1. Compute the direct materials cost variance, including its price and quantity varlances. 2. Compute the direct labor cost 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. Reg 3 Reg 1 Reg 2 Controllable Red 4 Volume Variance Variance Compute the volume variances, (Indicate the effect of each variance by selecting for favorable.Junfavorable, and no variance) Fixed overhead volume variance Budgeted fived overhead Food overhead cost applied Fond overhead volume variance Rega Controllable Variante
