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Trico Company set the following standard unit costs for its single product Direct materials (30 lbs. $4.80 per Ib. ) Direct labor (7 hrs. $14 per hr.) Factory overhead-Variable (7 hrs. $6 per hr.) Factory overhead-Pixed (7 hrs. $9 per hr.) Total standard cost $144.00 98.00 42.00 63.00 $347.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 67.000 units per quarter. The following flexible budget information is available. Production in units Standard direct labor hours Budgeted overhead Fixed factory overhead Variable factory overhead Operating Levels 700 801 90N 46,900 53,600 60,300 328,300 375,200 422,100 $3,376,800 $3,376,800 $3,376,800 $1,969,800 $2,251,200 $2,532,600 During the current quarter, the company operated at 90% of capacity and produced 60,300 units of products actual direct labor totaled 399,200 hours. Units produced were assigned the following standard costs. Direct materials (1,809,000 lbs. $4.80 per Ib.) Direct labor (422,100 hrs. $14 per hr.) Factory overhead (422,100 hrs. $15 per hr.) Total standard cost $ 8,683,200 5,909,400 6,331,500 $20,924,100 Actual costs incurred during the current quarter follow. Direct materials (1,711,000 lbs. $6.30 per lb. Direct labor (399,200 hrs. $11.20 per hr.) Fixed factory overhead costs Variable factory overhead coats Total actual costs $10,779,300 4.471.040 2.813,700 3.000, 100 $21,149,140 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 3 Reg 1 Reg 2 Controllable Reg 4 Volume Variance Variance Compute the direct materials cost variance, including its price and quantity variances, (Indicate the effect of each variance by selecting for favorable, unfavorable, and place) Actual Coal Standard Com 0 5 0 Req3 191 Reg 2 Controllable Red 4 Volume Variance Variance sute the direct materials cost variance, including its price and quantity variances. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no varia 5:) Actul Cost Standard Cost 5 0 5 0 0 Reg 2 ) ed: pute the direct materials cost variance, including its price and quantity variances. pute the direct labor cost variance, including its rate and efficiency variances. spute the overhead controllable and volume variances. nplete this question by entering your answers in the tabs below. Reg 3 Reg 2 Controllable Red 4 Volume Variance Variance rute the direct labor cost variance, including its rate and emclency variances. (Indicate the effect of each yariance by selecting for favorable, unfavorable, and no variance sal places.) Actual Cost Standard Cout $ 0 5 0 5 Hea Cantrellable Variance > 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 3 Reg 1 Reg 2 Controllable Req 4 Volume Variance Variance Compute the controllable variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Controllable Variance Actual overhead Budgeted overhead Controllable variance (Reg 2 Reg 4 Volume Variance > 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 1 Reg 2 Reg 3 Controllable Variance Req 4 Volume Variance Compute the volume variances. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Fixed overhead volumo varianco Budgeted fixed overhead Foxed overhead cost applied Fixed overhead volume variance

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