{The foiiowing information applies to the questions displayed beiowzj Trico Company set the following standard unit costs for its single product. Direct materials {33 lbs. E $5.13 per 1b.} $153.33 Direct labor {6 hrs. E $15 per hr.) 33.33 Factory overheadVariable (6 hrs. E $7 per hr.) 42.33 Factory overheadFixed {6 hrs. E $11 per hr.] 66-93 Total standard cost $351.33 The predetermined overhead rate is based on a planned operating volume of 30% of the productive capacity of 56.000 units per quartet The following exible budget information is available. he rating Levels T396 5396 93% Production in units 33,233 44,333 53,433 Standard direct labor hours 235,233 263,333 332,433 Budgeted overhead Fixed factory overhead $2,956,333 $2,956,333 $2,956,333 Variable factory overhead $1,646,433 $1,881,633 $2,116,333 During the current quarter. the company operated at 90% of capacity and produced 50.400 units of prod uct: actual direct labor totaled 299,400 hours. Units produced were assigned the following standard costs. Direct materials {1,512,333 Ibs. E $5.13 per Ib.) $ T,?11,233 Direct labor {332,433 hrs. E $15 per hr.) 4,536,333 Factory overhead {332,433 hrs. E $13 per hr.:l 5,443,233 Total standard cost $12,693,433 Actual costs incurred during the current quarter follow. Direct materials {1,499,333 Ibs. E $6.33 per lb.) $ 9,443,233 Direct labor {299,433 hrs. E $12.53 per hr.i 3,242,533 Fixed factory overhead costs 2,634,233 Variable factory overhead costs 2,438,533 Total actual costs $13,223,433 Req 3 Req 4 Volume Req 1 Req 2 Controllable Variance Variance Compute the volume variances. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Fixed overhead volume variance Budgeted fixed overhead Fixed overhead cost applied Fixed overhead volume varianceReg 3 Req 4 Volume Req 1 Req 2 Controllable Variance Variance Compute the controllable variance. (Indicate the effect of variance.) Controllable Variance Actual overhead Budgeted overhead Controllable varianceReq 3 Req 4 Volume Req 1 Req 2 Controllable Variance Variance Compute the direct labor cost variance, including its rate and efficiency variances. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Rate per hour" answers to 2 decimal places.) Actual Cost Standard CostCompute the direct materials cost variance, including its price and quantity variances. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) Actual Cost Standard Cost