Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. @ $4.80 per Ib.) Direct labor (6 hrs. @ $14 per hr.) Factory overhead-Variable (6 hrs. @ $7 per hr.) Factory overhead-Fixed (6 hrs. @ $9 per hr.) Total standard cost $ 144.00 84.ee 42.00 54.00 $ 324.ee The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 57,000 units per quarter. The following flexible budget information is available. Operating Levels 70% 80% 39,900 45,600 239,400 273,600 90% 51,380 307,800 Production in units Standard direct labor hours Budgeted overhead Fixed factory overhead Variable factory overhead $2,462,400 $2,462,400 $2,462,400 $1,675,800 $1,915,200 $2,154,600 During the current quarter, the company operated at 90% of capacity and produced 51,300 units of product; actual direct labor totaled 304,800 hours. Units produced were assigned the following standard costs. Direct materials (1,539,000 lbs. $4,80 per Ib.) Direct labor (307,800 hrs. $14 per hr.) Factory overhead (307,800 hrs. @ $16 per hr.) Total standard cost $ 7,387,200 4,309,200 4,924,800 $16,621,200 Actual costs incurred during the current quarter follow. Actual costs incurred during the current quarter follow. Check my work Direct materials (1,519,000 Ibs. $7.30 per lb.) Direct labor (304,800 hrs. $13.00 per hr.) Fixed factory overhead costs Variable factory overhead costs Total actual costs $11,088,700 3,962,4ee 2,337,000 2,187,80 $19,575,900 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 Complete this question by entering your answers in the tabs below. Req3 Reg 1 Reg 2 Controllable Req 4 Volume Variance Variance Compute the direct materials cost variance, including its price and quantity variances. (Indicate the effect of each variance by selecting for favorable, unfavor places.) Actual Cost Stal 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. Complete this question by entering your answers in the tabs below. Reg 3 Reg 1 Reg 2 Controllable Req 4 Volume Variance Variance Compute the direct materials cost variance, including its price and quantity variances. (Indicate the effect of each variance by selecting for favorable, unfavor places.) Actual Cost Stai equired: Compute the direct materials cost variance, including its price and quantity variances. . Compute the direct labor cost variance, including its rate and efficiency variances. . Compute the overhead controllable and volume variances. Complete this question by entering your answers in the tabs below. Reg 3 Req 1 Reg 2 Controllable Req 4 Volume Variance Variance Compute the direct labor cost variance, including its rate and efficiency variances. (Indicate the effect of each variance by selecting for favorable, unfavorable, decimal places.) Actual Cost Standard C 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. Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req3 Controllable Variance Req 4 Volume Variance Compute the controllable variance. (Indicate the effect of each variance by selecting for favo variance.) Controllable Variance Actual overhead Budgeted overhead Controllable variance 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. Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req3 Controllable Variance Req 4 Volume Variance Compute the volume variances. (Indicate the effect of each variance by selecting for favorab Fixed overhead volume variance Budgeted fixed overhead Fixed overhead cost applied Fixed overhead volume variance Direct materials (1,519,000 lbs. @ $7.30 per lb.) Direct labor (384,800 hrs. $13.ee per hr.) Fixed factory overhead costs Variable factory overhead costs Total actual costs $11,688,700 3,962,400 2,337,000 2,187,80 $19,575,900 (a) Compute the variable overhead spending and efficiency variances. (b) Compute the fixed overhead spending and volume variances, (c) Compute the total overhead controllable variance. Required A Required B Required C Compute the variable overhead spending and efficiency variances. (Round "cost per unit" and "rate per hour" answers to 2 decimal places.) Actual Variable OH Cost Flexible Budget Star 0 0 ompute the variable overhead spending and efficiency variances. b) Compute the fixed overhead spending and volume variances. c) Compute the total overhead controllable variance. Required A Required B Required Compute the fixed overhead spending and volume variances. (Round "cost per unit" and "rate per hour" answers to 2 decimal places.) Actual Fixed OH Cost Budgeted Overhead Standard Cost (FOH applied 0 $ 0 0 (a) Compute the variable overhead spending and efficiency variances. (b) Compute the fixed overhead spending and volume variances. (c) Compute the total overhead controllable variance. Required A Required B Required C Compute the total overhead controllable variance. Overhead Controllable Variance Total overhead controllable variance