@ ezto.mheducation.com Chapter 23 - Homework e Saved Help Save & Exit Submit =? 5 Trini Company set the following standard costs per unit for its single product Direct materials (30 pounds @ $5.10 Part 10f 2 per pound) # 153-00 = pirect labor (8 hours @ $14 per 112.00 Variable overhead (8 hours @ $6 per hour) a6 -00 a Fixed overhead (8 hours @ $12 per 96.00 eBook hour) inal Standard cost per unit $ 409.00 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 66,000 units per quarter. The following additional information is available. Operating Levels 70% 80% 90% Production (in units) 46,200 52,800 59,400 Standard direct labor hours (8 DLH per unit) Budgeted overhead (flexible budget) Fixed overhead 369,600 422,400 475,200 $ 5,068,800 5,068,800 5,068, 800 . $ $ $ Variable overhead 2,217,600 2,534,400 2,851,200 During the current quarter, the company operated at 90% of capacity and produced 59,400 units; actual direct labor totaled 369,400 hours. Units produced were assigned the following standard costs. Direct materials (1,782,000 pounds @ $5.10 per pound) Direct labor (475,20@ hours @ $14 per $ 9,088,200 hour) 6,652,800 Overhead (475,20@ hours @ $18 per hour) 8,553,600 Standard (budgeted) cost Daaitees Actual costs incurred during the current quarter follow. Direct materials (1,387,000 pounds @ $6.70 per pound) ' ' 4 9,292,900 Direct labor (369,400 hours @ $11.60 per 4,285, 040 hour) , , Fixed overhead 3,196,500 Variable overhead 3,466,700 Retenl once $ eS Fa @ ezto.mheducation.com Chapter 23 - Homework @) 5 Part 1 of 2 eBook Direct materials (1,782,000 pounds @ $ $5.10 per pound) Direct labor (475,200 hours @ $14 per hour) Overhead (475,20@ hours @ $18 per hour) Standard (budgeted) cost Actual costs incurred during the current quarter follow. Direct materials (1,387,000 pounds @ $6.70 per pound) Direct labor (369,400 hours @ $11.68 per hour) Fixed overhead Variable overhead Actual cost 9, 088,200 6,652,800 8,553,600 $ 24,294,600 $ 9,292,900 4,285,040 3,196, 500 3,466, 700 $ 241,140 Saved Required: 4. 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 3 Req 3 besa Req2 controll... | Volume Compute the overhead volume variances. Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Volume variance Budgeted total overhead Standard overhead aooled _| Volume variance $633,600 Help Save & Exit Submit =