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Required Information Use the following Information for the Problems below. The following information applies to the questions displayed below.) Trico Company set the following standard unit costs for its single product. Direct materials (30 lbs. @ $4.0 per Ib.) Direct labor (6 hrs. $14 per hr.) Factory overhead-Variable (6 hrs. 6 87 per hr.) Factory over head-Fixed (6 hrs. @ 59 per hr.) Total standard cost $144.00 84.00 42.00 54.00 $324.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 57,000 units per quarter. The following flexible budget information is available. Operating Levels 70% 80% 39,900 45,600 51,300 239, 400 273,600 307.800 90% Production in units Standard direct labor hours Budgeted overhead Fixed factory overhead Variable factory overhead $2,462,400 52,462, 400 $2,462,400 $1,675,000 $1,915,200 $2,154,500 Required information During the current quarter, the company operated at 90% of capacity and produced 51,300 units of product; actual direct labor lotaled 304,800 hours. Units produced were assigned the following standard costs. Direct materials (1,539,000 lbs. $4.00 per Ib.) Direct labor (307, 300 hrs. @ 514 per hr.) Factory overhead (307, 300 hrs. @ $10 per hr.) Total standard cost $ 7,387,200 4, 309,200 4,924, 800 $16, 621,200 Actual costs incurred during the current quarter follow. Direct materials (1,519,000 lbs. $7.30 per lb.) $11,080, 700 Direct labor (304,800 hrs. $13.00 per hr.) 3.962,400 Fixed factory overhead costs 2,337,000 Variable factory overhead costs 2,187,100 Total actual costs $19,575, 900 Problem 08-4A Computing materials, labor, and overhead variances LO P3, P4 Required information Complete this question by entering your answers in the tabs below. Req3 Reg 1 Req2 Req 4 Volume Controllable Variance Variance Contbute the direct materials cost varianco, including its price and quantity variances, (Indicate the effect of each variance by selecting for favorable, unfavora decimal places) Actual Cost Star Req 2 and quantity variances. (Indicate the effect of each variance by selecting for tovornble, unfavorable, and no variance. Round "Cost per unit answer Standard Cont Reg 2 > Required information Compte question by turn your answers in the tabulow. 1 Reg 3 Controllable Variance Red 4 Volume Variance Compute the direct labor cost variance, including its rate and efficiency variances. (Indicate the effect of each variance by selecting for favorable, unfavorable dedmal places) rioncus. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Rate per hour answers to Standard Cost + Required information Complete this question by entering your answers in the tabs below. Req 4 volume Req 1 Req3 Req 2 Controllable Variance Variance Compute the volume variances. (Indicate the effect of each variance by selecting for favorable, unfavorable, and ne variance.) Fixed overhead volume variance Budgeted fixed overhead Fixed overhead cost applied Fixed overhead volume variance

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