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

Required information Use the following information for the Problems below. The following information applies to the questions displayed below.] Trico Company set the following standard unit costs for its single product. Direct materials (30 lbs. @ $4.80 per Ib.) Direct labor (6 hrs. @ $14 per hr.) Factory overhead-Variable (6 hrs. @ $7 per hr.) Factory overhead-Fixed (6 hrs. @ $12 per hr.) Total standard cost $144.99 84.99 42.00 72.00 $342.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 66,000 units per quarter. The following flexible budget information is available. Operating Levels 7085 8 08 46,200 52,800 277,200 316,800 90% 59,400 356,400 Production in units Standard direct labor hours Budgeted overhead Fixed factory overhead Variable factory overhead $3,801,600 $3,801,600 $3,801,600 $1,940, 400 $2,217,600 $2,494,800 During the current quarter, the company operated at 90% of capacity and produced 59,400 units of product, actual direct labor totaled 303,800 hours. Units produced were assigned the following standard costs. Direct materials (1,782,000 lbs. @ $4.80 per Ib.) Direct labor (356,400 hrs. @ $14 per hr.) Factory overhead (356,400 hrs. @ $19 per hr.) Total standard cost $ 8,553,600 4,989,600 6,771,600 $20,314,800 Actual costs incurred during the current quarter follow. Direct materials (1,522,000 lbs. @ $7.30 per lb.) Direct labor (303,800 hrs. @ $13.10 per hr.) Fixed factory overhead costs Variable factory overhead costs Total actual costs $11, 110,600 3,979,780 2,336,900 2,637, 700 $20,064,980 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 per unit" answers to 2 decimal places.) Actual Cost X Standard Cost X Actual quantity Actual price Actual quantity X Standard price Standard quantity Standard price $ 01 Reg1 Reg 2 > 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 hour answers to 2 decimal places.) Actual Cost Standard Cost S 0 ( Reg 1 Req 3 Controllable 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 Controllable 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 Fixed overhead cost applied Fixed overhead volume variance