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

Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. @ $5.10 per Ib.) Direct labor (4 hrs. @ $15 per hr.) Factory overhead-Variable (4 hrs. @ $6 per hr.) Factory overhead-Fixed (4 hrs. @ $11 per hr.) Total standard cost $153.00 60.00 24.00 44.00 $281.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 68,000 units per quarter. The following flexible budget information is available. Operating Levels 80% 47,600 54,400 190,400 217,600 90% 61,200 244,800 Production in units Standard direct labor hours Budgeted overhead Fixed factory overhead Variable factory overhead $2,393,600 $2,393,600 $2,393,600 $1,142,400 $1,305,600 $1,468,800 During the current quarter, the company operated at 90% of capacity and produced 61,200 units of product; actual direct labor totaled 239,800 hours. Units produced were assigned the following standard costs. Direct materials (1,836,000 Ibs. @ $5.10 per Ib.) Direct labor (244,800 hrs. @ $15 per hr.) Factory overhead (244,800 hrs. @ $17 per hr.) Total standard cost $ 9,363,600 3,672,000 4,161,600 $17,197,200 Actual costs incurred during the current quarter follow. Direct materials (1,826,000 Ibs. @ $6.70 per lb.) Direct labor (239,800 hrs. @ $12.00 per hr.) Fixed factory overhead costs Variable factory overhead costs Total actual costs $12,234,200 2,877,600 1,942,800 1,818,800 $18,873,400 Required: 1. Compute the direct materials cost varlance, including its price and quantity varlances. 2. Compute the direct labor cost varlance, Including its rate and efficiency variances. 3. Compute the overhead controllable and volume varlances. Complete this question by entering your answers in the tabs below. Reg 3 Req 4 Reg 1 Reg 2 Controllable Volume Variance Variance Compute 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 p answers to 2 decimal places.) Actual Cost Standard Cost Standard price Actual quantity 1,822,000 Actual price 6.70 Actual quantity 1,822,000 Standard quantity 1,836,000 Standard price 5.10 $ 5.10 $ $ 12,207,400 $ 9,292,200 $ 9,363,600 $ 2,915,200 $ 71,400 $ 2,915,200 Unfavorable Direct materials price variance Direct materials quantity variance Total direct materials variance 71,400 2,843,800 Favorable Unfavorable $ Requlred: 1. Compute the direct materials cost varlance, including its price and quantity varlances. 2. Compute the direct labor cost varlance, Including its rate and efficiency variances. 3. Compute the overhead controllable and volume varlances. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Controllable Variance Reg 4 Volume 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 h answers to 2 decimal places.) Actual Cost Standard Cost Actual hours Actual rate Actual hours Standard rate Standard hours Standard rate 238,800 $ 12.10 238,800 $ 15.00 244,800 $ 15.00 $ 2,889,480 $ 3,582,000 $ 3,672,000 $ 692,520 $ 90,000 $ Direct labor rate variance Direct labor efficiency variance 692,520 90,000 Favorable Favorable Total direct labor variance Favorable Required: 1. Compute the direct materials cost varlance, including its price and quantity variances. 2. Compute the direct labor cost varlance, including its rate and efficiency variances. 3. Compute the overhead controllable and volume varlances. Complete this question by entering your answers in the tabs below. Req 3 Req 4 Reg 1 Reg 2 Controllable Volume Variance Variance Compute the controllable variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Controllable Variance Actual overhead Budgeted overhead $ 3,611,400 $ 3,644,800 $ 33,400 Favorable Controllable variance Required: 1. Compute the direct materials cost varlance, including its price and quantity variances. 2. Compute the direct labor cost varlance, 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 4 Req 1 Reg 2 Controllable Volume 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 $ 2.176.000 Fixed overhead cost applied $ 2,448,000 Fixed overhead volume variance $ 272,000 Favorable