Use the following information for the Problems below. [The following information applies to the questions displayed below) Trico company set the following standard unit costs for its single product Direct nuterials (30 Tbs $5.00 per tb.) Direct labor (7 hrs 514 per he.) Factory overhead-Variable (7hrs 57 per hr.) Factory overhead-Fixed (7 hrs. $9 per he) Total standard cost $150.se 95.00 49.00 6). $360.ee The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 61,000 units per quarter. The following flexible budget information is available Operating Levels mes 31 901 Production in units 42,700 48,300 54,900 Standard direct labor hours 298,00 341.600 Budgeted overhead 354,300 Fixed factory overhead $3,074,400 53.074,400 $9,074,400 Variable factory overhead $2,092,300 $2,301,200 $2,690,100 Prev 1 1 Next March O 5 x c PAS 2 F4 FS PE FH F Fro FIE i $ 4 % 5 8 7 C 9 ) O E 3 6 8 E R T Y U o F G I ER C A V B N. M V ? N B M 3 Alt Curl Problem 23.4A Computing materials, labor, and overhead variances LO P3, P4 Required: 1. Compute the direct materials cost variance, including its price and quantity variances. 2. Compute the direct labor cost 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. Reg: Red 4 Volume Variance Reg 3 Req2 Controllable Variance Compute the direct materials cost variance, including its price and quantity variances. (Indicate the effect of eac places) Actual Cost Prey Next to search 7891 + X 2 @ F4 FS F6 F9 10 $ . # 3 % 5 & 7 4 @ Y 8 9 E R T U D F G H J K Required information Compute the direct materials cost variance, including its price and quantity variances Indicate the effect of each variance by selecting for favo places.) Actual Cost 5 1 R2) Prey 101 Next Search o 3 C 0 B DE Pa F % 5 8 7 6 C 9 > O 3 8 // E R T Y o t D F G H L N C V > 00 N M V - f Alt Ctrl Hom quantity variances. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit Standard Cost 0 0 5 Reg 2 > Prev 1011 Next 70 L 23 % $ 4 5 8 7 C 9 3 O 6 + 11 8 Ti R T Y I o P F G c L V C V V B M N Alt Ctrl Home Reg 3 Reg Reg 2 Rog 4 volume Controllable Variance Variance Compute the direct labor cost variance, including its rate and efficiency variances (Indicate the effect of each variance by selecting decimal places) Actual Cost $ 0 $ 0 0 0 8 9 E R T T Y U o H D F G H J K M V B N d efficiency variances. (Indicate the effect of each variance by selecting for favorable, unfavorable and no variance. Round "Rate per tu Standard Cost 0 $ $ 0 > Prey Next o 1129 BP G 78"F c X C D fe TEO Pro + $ 4 01X & 7 ) 0 6 00 9 R T U o [ F G H c C V N M > O 6 7 8 E R T Y U D F G I C C K L *** V 00 N M . V > Alt CH Req Rea 2 Controlable Reg 4 Volume Valence Varance Compute the volume variances. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance Fixed overhead volume variance Budgeted fred overhead Fixed overhead cost applied Fond overhead volume variance ( Req3 Controllable Variance Per 10! Ned Search o 18 c 0 DI * FEE Pe 07 3 $ 4 22 5 > O 6 7 B 9 11 E R T Y U I O P t D F G H 2
