Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. @ $5.10 per Ib.) Direct labor (6 hrs. @ $15 per hr.). Factory overhead-Variable (6 hrs. @ $7 per hr.) Factory overhead-Fixed (6 hrs. @ $11 per hr.) Total standard cost $153.00 90.00 42.00 66.00 $351.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 56,000 units per quarter. The following flexible budget information is available. Operating Levels Production in units Standard direct labor hours Budgeted overhead 70% 39,200 235, 200 80% 44,800 90% 268,800 50,400 302,400 Fixed factory overhead Variable factory overhead $2,956,800 $2,956,800 $2,956,800 $1,646,400 $1,881,600 $2,116,800 During the current quarter, the company operated at 90% of capacity and produced 50,400 units of product; actual direct labor totaled 299,400 hours. Units produced were assigned the following standard costs. Direct materials (1,512,000 Ibs. $5.10 per Ib.) Direct labor (302, 400 hrs. @ $15 per hr.) Factory overhead (302, 400 hrs. @ $18 per hr.) Total standard cost $ 7,711,200 4,536,000 5,443, 200 $17,698, 400 Actual costs incurred during the current quarter follow. Actual costs incurred during the current quarter follow. Direct materials (1,499,000 Ibs. @$6.30 per lb.) Direct labor (299, 400 hrs. @ $12.50 per hr.) Fixed factory overhead costs Variable factory overhead costs Total actual costs $ 9,443,700 3,742,500 2,604,700 2,438,500 $18,229,400 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. rhead contro