Trini Company set the following standard costs per unit for its single product Direct materials (30 pounds @$4.80 per pound) Direct labor (7 hours @ $14 per hour) Variable overhead (7 hours @ $6 per hour) Fixed overhead (7 hours @ $9 per hour) Standard cost per unit $ 144.00 98.00 42.00 63.00 $ 347.00 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 64,000 units per quarter. The following additional information is available. Operating Levels 80% 51,200 358,400 90% 57,600 403,200 70% 44,800 313,600 $ 3,225,600 $ 3,225,600 $ 1,881,600 $ 2,150,400 $ 3,225,600 $ 2,419,200 Production (in units) Standard direct labor hours (7 DLH/unit) Budgeted overhead (flexible budget) Fixed overhead Variable overhead During the current quarter, the company operated at 90% of capacity and produced 57,600 units, actual direct labor totaled 400,200 hours. Units produced were assigned the following standard costs. Direct materials (1,728,000 pounds @ $4.80 per pound) Direct labor (403,200 hours @ $14 per hour) Overhead (403,200 hours @$15 per hour) Standard (budgeted) cost Actual costs incurred during the current quarter follow. Direct materials (1,715,000 pounds @ $6.30 per pound) Direct labor (400,200 hours @ $11.00 per hour) Fixed overhead Variable overhead Actual cost $ 8,294,400 5,644,800 6,048,000 $ 19,987,200 $ 10,804,500 4,402,200 2,813,800 2,634,200 $ 20,654,700 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 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. Round "Cost per unit" answe Actual Cost $ 0 $ 0 0 $ 0 Standard Cost