[The following Information applies to the questions displayed below.] Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. $4.40 per Ib.) Direct labor (6 hrs. $14 per hr.) Factory overhead Variable (6 hrs. $8 per hr.) Factory overhead Fixed (6 hrs. $11 per hr.) Total standard cost $ 132.00 B4.BD 48.00 66.00 $ 339.88 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 50,000 units per quarter. The following flexible budget Information is available. Operating Levels 7878 35,000 40,000 210,000 240,000 9805 45,000 270,000 Production in units Standard direct labor hours Budgeted overhead Fixed factory overhead Variable factory overhead $2,640,000 $2,640,000 $2,640,000 $1,680,000 $1,920,000 $2,168,888 During the current quarter, the company operated at 90% of capacity and produced 45.000 units of product, actual direct labor totaled 266,000 hours. Units produced were assigned the following standard costs. Direct materials (1,350, eee Ibs. $4.40 per Ib.) Direct labor (278, 8ee hrs. @ 514 per hr.) Factory overteed (278,080 hrs. $19 per pr.) Total standard cost $ 5,940,000 3,788,888 5,138,888 $14,858,888 Actual costs incurred during the current quarter follow. Direct materials (1,333,eee Ibs. @ $6.2e per lb.) Direct labor (266,880 hrs. $12.50 per hr Fixed factory overhead costs Variable factory overhead costs Total actual costs $ 3,264.680 3.325,000 2.440,000 287,000 516,319, Gee 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 2 Req1 Reg 4 Volume Controllable Varliance Variance Compute the direct materials cost varianon, 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.) Acha Cast Standard Cost Request 1. Compute the direct materials cost variance, including its price and quartty 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 1 2 Reg Contratte Verge Reg 4 Volume Variance Compute the direct labor cost varance, including its rate and efficiency variances. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no varience. Round "Rate per hou decimal place.) Actual Cost Standard Cost Req3 Controllable Variana Required 1. Compute the direct materials cost varlance, Including Its price and quantity varlances. 2 Compute the direct labor cost vartance. 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 1 Reg 2 Reg 3 Controllable Varience Red 4 Volume Variarc Compute the controllable variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no vanance, Controllable Variance Actual overhead Budgeted overhead Controllable variance Rig 4 Volume Varia temeure te orect moteridis LUSL Volldre, WILIVUILS ce di yuduly Valldiles. 2 Compute the direct labor cost varlance, Including its rate and efficiency varlances. 3. Compute the overhead controllable and volume varlances. Complete this question by entering your answers in the tabs below. Rey 3 Controllable Variance Reg 2 Rey 4 Volume arianoe 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 variance