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

Direct materials (30 Ibs. @ $4.80 per Ib.)	$	144.00
Direct labor (7 hrs. @ $14 per hr.)		98.00
Factory overheadvariable (7 hrs. @ $6 per hr.)		42.00
Factory overheadfixed (7 hrs. @ $9 per hr.)		63.00
Total standard cost	$	347.00

The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 67,000 units per quarter. The following flexible budget information is available.

	Operating Levels
		70%		80%		90%
Production in units		46,900		53,600		60,300
Standard direct labor hours		328,300		375,200		422,100
Budgeted overhead
Fixed factory overhead	$	3,376,800	$	3,376,800	$	3,376,800
Variable factory overhead	$	1,969,800	$	2,251,200	$	2,532,600

During the current quarter, the company operated at 90% of capacity and produced 60,300 units of product; actual direct labor totaled 399,200 hours. Units produced were assigned the following standard costs.

Direct materials (1,809,000 Ibs. @ $4.80 per Ib.)	$	8,683,200
Direct labor (422,100 hrs. @ $14 per hr.)		5,909,400
Factory overhead (422,100 hrs. @ $15 per hr.)		6,331,500
Total standard cost	$	20,924,100

Actual costs incurred during the current quarter follow.

Direct materials (1,711,000 Ibs. @ $6.30 per lb.)	$	10,779,300
Direct labor (399,200 hrs. @ $11.20 per hr.)		4,471,040
Fixed factory overhead costs		2,813,700
Variable factory overhead costs		3,084,100
Total actual costs	$	21,148,140
Required: 1. Compute the direct materials cost variance, including its price and quantity variances.

Actual Cost								Standard Cost

2. Compute the direct labor cost variance, including its rate and efficiency variances.

Actual Cost								Standard Cost

3. Compute the overhead controllable and volume variances.

Controllable Variance
Actual overhead
Budgeted overhead
Controllable variance

Fixed overhead volume variance
Budgeted fixed overhead
Fixed overhead cost applied
Fixed overhead volume variance