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

Direct materials (28 Ibs. @ $4 per Ib.)	$	112.00
Direct labor (8 hrs. @ $8 per hr.)		64.00
Factory overheadvariable (8 hrs. @ $5 per hr.)		40.00
Factory overheadfixed (8 hrs. @ $7 per hr.)		56.00
Total standard cost	$	272.00
The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 40,000 units per quarter. The following flexible budget information is available.

	Operating Levels
		70%		80%		90%
Production in units		28,000		32,000		36,000
Standard direct labor hours		224,000		256,000		288,000
Budgeted overhead
Fixed factory overhead	$	1,792,000	$	1,792,000	$	1,792,000
Variable factory overhead	$	1,120,000	$	1,280,000	$	1,440,000

During the current quarter, the company operated at 90% of capacity and produced 36,000 units of product; actual direct labor totaled 283,000 hours. Units produced were assigned the following standard costs:

Direct materials (1,008,000 Ibs. @ $4 per Ib.)	$	4,032,000
Direct labor (288,000 hrs. @ $8 per hr.)		2,304,000
Factory overhead (288,000 hrs. @ $12 per hr.)		3,456,000
Total standard cost	$	9,792,000

Actual costs incurred during the current quarter follow:

Direct materials (1,003,000 Ibs. @ $4.10 per lb.)	$	4,112,300
Direct labor (283,000 hrs. @ $7.75 per hr.)		2,193,250
Fixed factory overhead costs		2,509,623
Variable factory overhead costs		2,349,434
Total actual costs	$	11,164,607
__________________________________________________________ This is the chart that needs to be filled iis attached.

Required 1. Compute the direct materials cost variance, including its price and quantity variances. Actual Cost Standard Cost eBook & Resources eBook: materia labor varianc eBook: Compute overhead controllable and volume variances. value: 10.00 points Sho 2. Compute the direct labor variance, including its rate and efficiency variances. Actual Cost Standard Cost