Use the following information for the Problems below. (Algo) (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 @ $4.80 per pound) Direct labor (7 hours @ $14 per hour) Variable overhead (7 hours @ $6 per hour) Fixed overhead (7 hours @ $9 per hour) Standard cost per unit $ 144.00 98.00 42.00 63.00 $ 347.00 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 67,000 units per quarter. The following additional information is available. Operating Levels 70% 80% 90% Production (in units) 46,900 53,600 60,300 Standard direct labor hours (7 DLH/unit) 328,300 375,200 422,100 Budgeted overhead (flexible budget) Fixed overhead $ 3,376,800 $ 3,376,800 $ 3,376,800 Variable overhead $ 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; actual direct labor totaled 399,200 hours. Units produced were assigned the following standard costs. Direct materials (1,809,000 pounds @ $4.80 per pound) Direct labor (422,100 hours @ $14 per hour) Overhead (422,100 hours @ $15 per hour) Standard (budgeted) 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 pounds @ $6.30 per pound) Direct labor (399,200 hours @ $11.20 per hour) Fixed overhead Variable overhead Actual cost $ 10,779,300 4,471,040 2,813,700 3,084,100 $ 21, 148, 140 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 Req 3 Volume Reg 1 Reg 2 Controllable Variance Variance Compute the direct materials variance, including its price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places.) Actual Cost Standard Cost Actual quantity X Standard price X $ 0 $ 0 $ 0 0