2394043 15094031235 Problem 21-4A Computation of materials, labor, and overhead variances LO P2, P3 Trico Compeny set the following stendard urnit costs for s sige proouct s 116.00 Factory Factory overheed-fsed (8 hrs. $7 per he 4000 56 00 Totai standard cost s 276.00 The prececermined overhead rete is besed on a planned operesng volume of 50% of the productive capacity of 80.000 unts per querter The folowing fexble budget informetion is evetabie Operening Levels 50% 40.000 60% 48.000 256.000 320.000 34000 32.000 Scendard direct labor hours Budgeted overnesd Fxed fachory overhmesd Vartable fectory overhead $ 2.240,000 $2240.000 $2.240 000 s 1280,000 $ 1600 000 $1920.000 60% of capacity and produced 4a.000 units of product. Duning the current quarter, the company operated et actual direct iabor sotaied 378.000 hours Unts produced were assigned the following standard coss Direct matenis 1,392000 ibs. 0 $4 per lb) Direct labor (384.000 hrs $8 per hej Factory overhead (384 000 hrss12 per hr $ 5.568.000 3.072.000 4.608.000 Total standard cost $ 13.248.000 Actual costs incurned during the curent querter follow Direct materials 1.387000 ID6 $410 per ib.) Direct labor (378,000 hrs.o $775 per h Fixed factory overhead costs Vanable factory overheed costs $ 5.686700 2 929.500 3.352.075 138.113 s 15.106.388 Total actual costs