[The following information applies to the questions displayed below.] Trini Company set the following standard costs per unit for its single product Direct materials (30 pounds @ $5.10 per pound) Direct labor (8 hours $15 per hour) Variable overhead (8 hours @ $6 per hour) Fixed overhead (8 hours $9 per hour) Standard cost per unit $ 153.00 120.00 48.00 72.00 $393.00 Overhead is applied using direct labor hours. The standard overhead rate is based on a predicted activity level of 80% of the company's capacity of 65,000 units per quarter. The following additional information is available. Is available. mpany's capacity of 65,000 units per quarter. The following additional information Production (in units) Standard direct labor hours (8 DLH per unit) Budgeted overhead (flexible budget) Fixed overhead Variable overhead Operating Levels 70% 80% 90% 45,500 364,000 52,000 416,000 58,500 468,000 $3,744,000 $ 2,184,000 $3,744,000 $2,496,000 $3,744,000 $ 2,808,000 During the current quarter, the company operated at 90% of capacity and produced 58,500 units; actual direct labor totaled 465,000 hours. Units produced were assigned the following standard costs. Direct materials (1,755,000 pounds @ $5.10 per pound) Direct labor (468,000 hours @ $15 per hour) Overhead (468,000 hours $15 per hour) Standard (budgeted) cost Actual costs incurred during the current quarter follow. $ 8,950,500 7,020,000 7,020,000 $ 22,990,500 Actual costs incurred during the current quarter follow. Direct materials (1,741,000 pounds @ $7.00 per pound) Direct labor (465,000 hours @ $11.50 per hour) Fixed overhead Variable overhead Actual cost $ 12,187,000 5,347,500 3,315,800 3,104,200 $ 23,954,500 Required: 1. Compute the direct materials variance, including its price and quantity variances. 2. Compute the direct labor variance, including its rate and efficiency variances. 3. Compute the overhead controllable and volume variances. Actual Cost 10 $ $ 0 0 Req 2 > Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour answers to 2 Actual Cost $ 0 S S Variance Compute the overhead controllable variance. Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Controllable Variance Actual total overhead bed Budgeted total overhead Controllable variance Variance Compute the overhead volume variances. Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Budgeted total overhead Volume variance ed Standard overhead applied Volume variance