2. Compute the direct labor cost variance, including its rate and efficiency variances. Standard Cost Actual Cost  0 0 0 0
Check my work 1 ! Required information 12.5 [The following information applies to the questions displayed below.] points Trico Company set the following standard unit costs for its single product Skipped Direct materials (30 Ibs. $5.10 per Ib.) Direct labor (6 hrs. 8$15 per hr.) Factory overhead-variable (6 hrs. 8 $7 per hr.) Factory overhead-fixed (6 hrs.$11 per hr.) $153.00 90.00 eBook 42.00 66.00 Print$351.00 Total standard cost References The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 56,000 units per quarter. The following flexible budget information is available. Operating Levels 70% 808 90% 50,400 302,400 Production in units 39,200 235,200 44,800 268,800 Standard direct labor hours Budgeted overhead Fixed factory overhead Variable factory overhead $2,956,800$2,956,800 $2,956,800$1,646,400 $1,881,600$2,116,800 During the current quarter, the company operated at 90% of capacity and produced 50,400 units of product; actual direct labor totaled 299,400 hours. Units produced were assigned the following standard costs. Direct materials (1,512,000 Ibs. $5.10 per Ib.) 7,711,200 Direct labor 302.400 hrs.$15 per hr. 4.536.000