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

Direct materials (30 Ibs. @ $4 per Ib.)	$	120.00
Direct labor (5 hrs. @ $14 per hr.)		70.00
Factory overheadvariable (5 hrs. @ $8 per hr.)		40.00
Factory overheadfixed (5 hrs. @ $10 per hr.)		50.00
Total standard cost	$	280.00

The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 60,000 units per quarter. The following flexible budget information is available.

	Operating Levels
		70%		80%		90%
Production in units		42,000		48,000		54,000
Standard direct labor hours		210,000		240,000		270,000
Budgeted overhead
Fixed factory overhead	$	2,400,000	$	2,400,000	$	2,400,000
Variable factory overhead	$	1,680,000	$	1,920,000	$	2,160,000

During the current quarter, the company operated at 90% of capacity and produced 54,000 units of product; actual direct labor totaled 265,000 hours. Units produced were assigned the following standard costs:

Direct materials (1,620,000 Ibs. @ $4 per Ib.)

$

6,480,000

Direct labor (270,000 hrs. @ $14 per hr.)

3,780,000

Factory overhead (270,000 hrs. @ $18 per hr.)

4,860,000

Total standard cost

$

15,120,000

Actual costs incurred during the current quarter follow:

Direct materials (1,615,000 Ibs. @ $4.10 per lb.)

$

6,621,500

Direct labor (265,000 hrs. @ $13.75 per hr.)

3,643,750

Fixed factory overhead costs

2,350,000

Variable factory overhead costs

2,200,000

Total actual costs

$

14,815,250

Required:
1.	Compute the direct materials cost variance, including its price and quantity variances.

Actual Cost			0				0	Standard Cost
			$0	0			$0
				$0
				0

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

Actual Cost			0				0	Standard Cost
			$0	0			$0
				$0
				0

3.

Compute the overhead controllable and volume variances.

Controllable Variance
Actual overhead
Budgeted overhead
Controllable variance