Trico Company uses a standard cost system to control manufacturing costs. It has the following standard unit costs for one of its products:

• Direct materials: 30 pounds @ $4.40 per pound
• Direct labor: 6 hours @ $14 per hour
• Manufacturing overhead (allocated based on direct labor hours):
  • Variable: 6 hours @ $8 per hour
  • Fixed: 6 hours @ $11 per hour

Here is the overhead budget at normal operating capacity:

	Normal (Static)
Production in units	40,000 units
Standard labor hours	240,000 hours
Variable overhead	$ 1,920,000
Fixed overhead	$ 2,640,000
Total overhead	$ 4,560,000

Actual production was 45,000 units.

• Actual direct materials used were 1,333,000 pounds at $6.20 per pound.
• Actual direct labor was of 266,000 hours at $12.50 per hour.
• Actual variable overhead was $2,287,000, and fixed overhead was $2,443,000.

Instructions: In your post, indicate Trico's variances for this production run. Include in your answer these numbers:

1. total materials variance
2. total labor variance
3. overhead controllable variance
4. overhead volume variance
5. total overhead variance (3 + 4)
6. total production variance (1 + 2 + 5)

BE SURE TO INDICATE WHETHER THESE 4 VARIANCES ARE FAVORABLE OR UNFAVORABLE.