Trini Company set the following standard costs per unit for its single product Direct materials (30 pounds @ $4.40 per pound) Direct labor (6 hours @ $14 per hour) Variable overhead (6 hours @ $8 per hour) Fixed overhead (6 hours @ $11 per hour) Standard cost per unit $ 132.00 84.00 48.00 66.00 $ 330.00 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 60,000 units per quarter. The following additional information is available. Operating Levels 70% 80% 90% Production (in units) 42,000 48,000 54,000 Standard direct labor hours (6 DLH/unit) 252,000 288,000 324,000 Budgeted overhead (flexible budget) Fixed overhead $ 3,168,000 $ 3,168,000 $ 3,168,000 Variable overhead $ 2,016,000 $ 2,304,000 $ 2,592,000 During the current quarter, the company operated at 90% of capacity and produced 54,000 units; actual direct labor totaled 265,000 hours. Units produced were assigned the following standard costs. Direct materials (1,620,000 pounds @ $4.40 per pound) Direct labor (324,000 hours @ $14 per hour) Overhead (324,000 hours @ $19 per hour) Standard (budgeted) cost $ 7,128,000 4,536,000 6,156,000 $ 17,820,000 Actual costs incurred during the current quarter follow. Direct materials (1,339,000 pounds @ $6.20 per pound) Direct labor (265,000 hours @ $12.00 per hour) Fixed overhead Variable overhead Actual cost $ 8,301,800 3,180,000 2,442,900 2,736,900 $ 16,661,600 Trini Company set the following standard costs per unit for its single product Direct materials (30 pounds @ $4.40 per pound) Direct labor (6 hours @ $14 per hour) Variable overhead (6 hours @ $8 per hour) Fixed overhead (6 hours @ $11 per hour) Standard cost per unit $ 132.00 84.00 48.00 66.00 $ 330.00 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 60,000 units per quarter. The following additional information is available. Operating Levels 70% 80% 90% Production (in units) 42,000 48,000 54,000 Standard direct labor hours (6 DLH/unit) 252,000 288,000 324,000 Budgeted overhead (flexible budget) Fixed overhead $ 3,168,000 $ 3,168,000 $ 3,168,000 Variable overhead $ 2,016,000 $ 2,304,000 $ 2,592,000 During the current quarter, the company operated at 90% of capacity and produced 54,000 units; actual direct labor totaled 265,000 hours. Units produced were assigned the following standard costs. Direct materials (1,620,000 pounds @ $4.40 per pound) Direct labor (324,000 hours @ $14 per hour) Overhead (324,000 hours @ $19 per hour) Standard (budgeted) cost $ 7,128,000 4,536,000 6,156,000 $ 17,820,000 Actual costs incurred during the current quarter follow. Direct materials (1,339,000 pounds @ $6.20 per pound) Direct labor (265,000 hours @ $12.00 per hour) Fixed overhead Variable overhead Actual cost $ 8,301,800 3,180,000 2,442,900 2,736,900 $ 16,661,600 required: . Compute the direct materials variance, including its price and quantity variances. .. Compute the direct labor variance, including its rate and efficiency variances. 1. Compute the overhead controllable and volume variances. Complete this question by entering your answers in the tabs below. Reg 1 Req 2 Req3 Controllable Variance Req 3 Volume 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 $ 0 $ 0 $ 0 0 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 Reg 2 Req3 Controllable Variance Req 3 Volume 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 Standard Cost $ 0 $ 0 $ 0 0 Req3 Req 1 Reg 2 Controllable Req 3 Volume Variance Variance Compute the overhead controllable variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Controllable Variance Actual total overhead Budgeted total overhead Controllable variance Req3 Req 1 Req 2 Controllable Req 3 Volume Variance Variance Compute the overhead volume variances. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Volume variance Budgeted total overhead Standard overhead applied Volume variance Required: (a) Compute the variable overhead spending and efficiency variances. (b) Compute the fixed overhead spending and volume variances. (c) Compute the overhead controllable variance. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the variable overhead spending and efficiency variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "cost Actual Variable OH Cost Flexible Budget Standard Cost 0 $ 0 0 Required A Required B Required C Compute the fixed overhead spending and volume variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "cost per u decimal places.) Actual Fixed OH Cost Budgeted Overhead Standard Cost (FOH applied) 0 $ 0 0 Required a Required B Required C Compute the overhead controllable variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Overhead Controllable Variance Controllable variance