[The following information applies to the questions displayed below.]

Trico Company set the following standard unit costs for its single product.

Direct materials (28 Ibs. @ $4 per Ib.)	$	112.00
Direct labor (8 hrs. @ $8 per hr.)		64.00
Factory overheadvariable (8 hrs. @ $5 per hr.)		40.00
Factory overheadfixed (8 hrs. @ $7 per hr.)		56.00
Total standard cost	$	272.00

The predetermined overhead rate is based on a planned operating volume of 70% of the productive capacity of 60,000 units per quarter. The following flexible budget information is available.

	Operating Levels
		60%		70%		80%
Production in units		36,000		42,000		48,000
Standard direct labor hours		288,000		336,000		384,000
Budgeted overhead
Fixed factory overhead	$	2,352,000	$	2,352,000	$	2,352,000
Variable factory overhead	$	1,440,000	$	1,680,000	$	1,920,000

During the current quarter, the company operated at 80% of capacity and produced 48,000 units of product; actual direct labor totaled 379,000 hours. Units produced were assigned the following standard costs:

Direct materials (1,344,000 Ibs. @ $4 per Ib.)	$	5,376,000
Direct labor (384,000 hrs. @ $8 per hr.)		3,072,000
Factory overhead (384,000 hrs. @ $12 per hr.)		4,608,000
Total standard cost	$	13,056,000

Actual costs incurred during the current quarter follow:

Direct materials (1,339,000 Ibs. @ $4.10 per lb.)	$	5,489,900
Direct labor (379,000 hrs. @ $7.75 per hr.)		2,937,250
Fixed factory overhead costs		3,360,943
Variable factory overhead costs		3,146,415
Total actual costs	$	14,934,508

4.

Required information

Required:
1.	Compute the direct materials cost variance, including its price and quantity variances.

5.

Required information

2.	Compute the direct labor variance, including its rate and efficiency variances.

6.

Required information

3.	Compute the overhead controllable and volume variances.