Question: Please help me fill in the information in the boxes, I do not know how to do it. Trico Company set the following standard unit
Please help me fill in the information in the boxes, I do not know how to do it.




Trico Company set the following standard unit costs for its single product. Direct materials (36 lbs. @ $4 per Ib.) $ 126.66 Direct labor (5 hrs. @ $14 per hr.) 76.66 Factory overheadvariable (5 hrs. @ $8 per hr.) 46.66 Factory overheadfixed (5 hrs. @ $16 per hr.) 56.66 Total standard cost $ 286.66 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. Operating Levels 76% 86% 96% Production in units 42,666 48,666 54,666 Standard direct labor hours 216,666 246,666 276,666 Budgeted overhead Fixed factory overhead $2,466,666 $2,466,666 $2,466,666 Variable Factory overhead $1,686,666 $1,926,666 $2,166,666 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 (1,626,666 Ibs. @ $4 per Ib.) $ 6,486,666 Direct labor (276,666 hrs. @ $14 per hr.) 3,786,666 Factory overhead (276,666 hrs. @ $18 per hr.) 4,866,666 Total standard cost $15,126,666 Actual costs incurred during the current quarter follow. Direct materials (1,615,666 Ibs. @ $4.16 per lb.) $ 6,621,566 Direct labor (265,666 hrs. @ $13.75 per hr.) 3,643,756 Fixed Factory overhead costs 2,356,666 Variable Fartorv overhead costs 2.266.666 1. Compute the direct materials cost variance, including its price and quantity variances. A0 = Actual Quantity 50 = Standard Quantity AP = Actual Price SP = Standard Price 2. Compute the direct labor cost variance, including its rate and efficiency variances. AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate 3. Compute the overhead controllable and volume variances. Actual overhead Budgeted overhead Controllable variance Budgeted fixed overhead Fixed overhead cost applied Fixed overhead volume variance
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