Trico Company set the following standard unit costs for its single product. Direct materials (30 lbs. @ $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 70% B0% 39,200 44,800 235, 200 268,800 90% 50,400 302,400 Production in units Standard direct labor hours Budgeted overhead 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. 2.211.200 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 4,536,000 5,443,200 $17,690,400 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. Actual Cost Standard Cost $ 0 $ 0 2. Compute the direct labor cost variance, including its rate and efficiency variances. Actual Cost Standard Cost S 0 S 0 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