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[The following information applles to the questions displayed below.] Trinl Company set the following standard costs per unit for its single product Overhead is applied

image text in transcribed [The following information applles to the questions displayed below.] Trinl Company set the following standard costs per unit for its single product Overhead is applied using direct labor hours. The standard overhead rate is based on a predicted actlvity level of 80% of the company's capacity of 55,000 units per quarter. The following additional information is avallable. Durling the current quarter, the company operated at 90% of capacity and produced 49,500 units; actual direct labor totaled 292,000 hours. Units produced were assigned the following standard costs. Actual costs Incurred during the current quarter follow. I Required: 1. Compute the direct materlals varlance, Including Its price and quantity varlances. 2 Compute the direct labor varlance, Including its rate and efficlency varlances. 3. Compute the overhead controllable and volume varlances. Complete this question by entering your answers in the tabs below

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