Trico Company set the following standard unit costs for its single product.

Direct materials (26 Ibs. @ $4 per Ib.)	$	104.00
Direct labor (8 hrs. @ $8 per hr.)		64.00
Factory overheadvariable (8 hrs. @ $5 per hr.)		40.00
Factory overheadfixed (8 hrs. @ $7 per hr.)		56.00
Total standard cost	$	264.00

The predetermined overhead rate is based on a planned operating volume of 60% of the productive capacity of 60,000 units per quarter. The following flexible budget information is available.

	Operating Levels
		50%		60%		70%
Production in units		30,000		36,000		42,000
Standard direct labor hours		240,000		288,000		336,000
Budgeted overhead
Fixed factory overhead	$	2,016,000	$	2,016,000	$	2,016,000
Variable factory overhead	$	1,200,000	$	1,440,000	$	1,680,000

During the current quarter, the company operated at 70% of capacity and produced 42,000 units of product; actual direct labor totaled 331,000 hours. Units produced were assigned the following standard costs:

Direct materials (1,092,000 Ibs. @ $4 per Ib.)	$	4,368,000
Direct labor (336,000 hrs. @ $8 per hr.)		2,688,000
Factory overhead (336,000 hrs. @ $12 per hr.)		4,032,000
Total standard cost	$	11,088,000

Actual costs incurred during the current quarter follow:

Direct materials (1,087,000 Ibs. @ $4.10 per lb.)	$	4,456,700
Direct labor (331,000 hrs. @ $7.75 per hr.)		2,565,250
Fixed factory overhead costs		2,935,283
Variable factory overhead costs		2,747,925
Total actual costs	$	12,705,158
Required: 1. Compute the direct materials cost variance, including its price and quantity variances. Answer is not complete Actual Cost 0 0 Standard Cost $0 0 $0 $0 0