C ezto.mheducation.com map inde html con=con external_browse 8 Homework The following information applies to the questions displayed below.] Trini Company set the following standard costs per unit for its single product Direct materials (30 pounds @ $5. 10 per pound) $ 153.90 Direct labor (4 hours @ $15 per hour) 60 -80 Variable overhead (4 hours @ $6 per hour) 24.90 Fixed overhead (4 hours @ $10 per hour) 40. BO Standard cost per unit $ 277.80 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 68,000 units per quarter. The following additional information is available. Operating Levels 70% 80% 90% Production (in units) 47, 680 54, 408 61, 208 Standard direct labor hours (4 DLH/unit) 190, 480 217, 600 244, 800 Budgeted overhead (flexible budget) Fixed overhead $ 2,176,080 $ 2, 176, 080 $ 2, 176, 908 Variable overhead $ 1, 142, 480 $ 1,305, 609 $ 1, 468, 808 During the current quarter, the company operated at 90% of capacity and produced 61,200 units; actual direct labor totaled 238.800 hours. Units produced were assigned the following standard costs. Direct materials (1, 836,080 pounds @ $5.10 per pound) $ 9,363,600 Direct labor (244, 800 hours @ $15 per hour) 3,672,090 Overhead (244, 808 hours @ $16 per hour) 3, 916, 808 Standard (budgeted) cost $ 16,952, 400 Actual costs incurred during the current quarter follow. Direct materials (1, 822, 090 pounds @ $6.70 per pound) $ 12, 287, 408 Direct labor (238, 680 hours @ $12.10 per hour) 2, 889, 480 Fixed overhead 1,942,709 Variable overhead 1, 668, 790 Actual cost $ 18, 708, 280 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. Reg 3 Reg 1 Req 2 Controllable Reg 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 Favorable