Trini Company set the following standard costs per unit for its single product Direct materials (30 pounds $5.50 per pound) Direct labor (7 hours $14 per hour) Variable overhead (7 hours $6 per hour) Fixed overhead (7 hours $12 per hour) Standard cost per unit $ 165.00 98.00 42.00 84.00 $389.00 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 62,000 units per quarter. The following additional Information is available. Production (in units) Standard direct labor hours (7 DLH/unit) Budgeted overhead (flexible budget) Fixed overhead Variable overhead 70% 43,400 303,000 Operating Levels 80% 49,600 347,200 $ 4,166,400 $4,166,400 $1,822,000 $2,003,200 $2,343,600 90% 55,800 390,600 $ 4,166,400 During the current quarter, the company operated at 90% of capacity and produced 55,800 units; actual direct labor totaled 386,600 hours. Units produced were assigned the following standard costs. Direct materials (1,674,000 pounds $5.50 per pound) Direct labor (390,600 hours $14 per hour) Overhead (390,600 hours $18 per hour) Standard (budgeted) cost Actual costs incurred during the current quarter follow. Direct materials (1,658,000 pounds $7.60 per pound) Direct labor (386,500 hours $12.00 Fixed overhead Variable overhead Actual cost per hour) $ 9,207,000 5,468,400 7,030,800 $ 21,706,200 $ 12,600,000 4,639,200 3,321,400 3,109,400 $ 23,670,000 Required: 1. Compute the direct materials variance, including its price and quantity variances. 2. Compute the direct labor 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 3 Req 1 Req 2 Controllable Req 3 Volume Variance Variance Compute the direct materials variance, Including Its price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Actual Cost $ Standard Cost Required: 1. Compute the direct materials variance, Including Its price and quantity variances. 2. Compute the direct labor 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 Req 3 Volume Variance Variance Compute the direct labor variance, including its rate and efficiency variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Ro Actual Cost < Req 3 Controllable variance > Standard Cost Required: 1. Compute the direct materials variance, Including its price and quantity variances. 2. Compute the direct labor 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 Req 3 Controllable Req 3 Volume Variance Variance Compute the overhead controllable variance. (Indicate the effect of the variance by selecting favorable, variance.) Actual total overhead Controllable Variance Budgeted total overhead Controllable variance Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 Controllable Variance Req 3 Volume Vartance Req 3 Volume Variance Compute the overhead volume variances. (Indicate the effect of the variance by variance.) Budgeted total overhead Volume variance Standard overhead applied Volume variance