Trico Company set the following standard unit costs for its single product.

Direct materials (30 Ibs. @ $ 4 per Ib.) . . . . . . . . . . . . . . . . . $ 120.00

Direct labor (5 hrs. @ $ 14 per hr.) . . . . . . . . . . . . . . . . . . . . 70.00

Factory overhead — variable (5 hrs. @ $ 8 per hr.) . . . . . . . . 40.00

Factory overhead — fixed (5 hrs. @ $ 10 per hr.) . . . . . . . . . 50.00

Total standard cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 280.00

The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 60,000 units per quarter. The following flexible budget information is available.

During the current quarter, the company operated at 90% of capacity and produced 54,000 units of product; actual direct labor totaled 265,000 hours. Units produced were assigned the following standard costs:
Direct materials (1,620,000 Ibs. @ $ 4 per Ib.) . . . . . . . . . $ 6,480,000
Direct labor (270,000 hrs. @ $ 14 per hr.) . . . . . . . . . . . . 3,780,000
Factory overhead (270,000 hrs. @ $ 18 per hr.) . . . . . . . . 4,860,000
Total standard cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 15,120,000
Actual costs incurred during the current quarter follow:
Direct materials (1,615,000 Ibs. @ $ 4.10) . . . . . . . . . . . . $ 6,621,500
Direct labor (265,000 hrs. @ $ 13.75) . . . . . . . . . . . . . . . 3,643,750
Fixed factory overhead costs . . . . . . . . . . . . . . . . . . . . . . 2,350,000
Variable factory overhead costs . . . . . . . . . . . . . . . . . . . . 2,200,000
Total actual costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 14,815,250

Required
1. Compute the direct materials cost 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 volumevariances.

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Operating Levels 70% 80% 90% 42.000 210.000 48,000 Production in units. Standard direct labor hours Budgeted overhead 54,000 210.0 240,000 270.000 Fixed factory overhead....$2,400,000 $2,400,000 $2.400.000