Trini Company set the following standard costs per unit for its single product Overhead is applied using direct labor hours. The standard overhead rate is based on a predicted activity level of 80% of the company's capacity of 66,000 units per quarter. The following additional information is available. During the current quarter, the company operated at 90% of capacity and produced 59,400 units; actual direct labor totaled 369,400 hours. Units produced were assigned the following standard costs. Direct materials (1,782,000 pounds @ \$5.10 per pound) $9,088,200 Direct labor (475,200 hours @ \$14 per hour) Overhead (475,200 hours @ \$18 per hour) $9,088,2006,652,8008,553,600$24,294,600 Actual costs incurred during the current quarter follow. Direct materials ( 1,387,000 pounds @ \$6.70 per pound) $9,292,900 Direct labor (369,400 hours @ \$11.60 per hour) 4,285,040 Fixed overhead 3,196,500 Variable overhead 3,466,700 Actual cost $20,241,140 \begin{tabular}{|l|l|l|l|} \hline Req 1 & Req 2 & Req3ControllableVariance & Req3VolumeVariance \\ \hline \end{tabular} Compute the direct materials variance, including its price and quantity variances. (Indicate the effect of each variance by selecting favorable, u Actual Cost rice and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answ rect labor variance, including its rate and efficiency variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no varia \begin{tabular}{c|c|c|c|c|c|c|} \hline \multicolumn{2}{c|}{ Actual Cost } & & \\ \hline & & & & & \\ \hline \end{tabular} \begin{tabular}{l|l|l|l|} \hline & & & \\ \hline \hline & & & \\ \hline \end{tabular} Compute the overhead controllable variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Compute the overhead volume variances. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.)