8 part 3 ### Trini Company Standard and Actual Cost Analysis**Standard Costs per Unit:**- **Direct materials:** 30 pounds @ $5.50 per pound = $165.00- **Direct labor:** 7 hours @ $14 per hour = $98.00- **Variable overhead:** 7 hours @ $6 per hour = $42.00- **Fixed overhead:** 7 hours @ $12 per hour = $84.00**Total Standard Cost per Unit:** $389.00**Overhead Application:**Overhead is applied using direct labor hours. The standard overhead rate is based on a predicted activity level of 80% of Trini Company's capacity of 62,000 units per quarter.**Operating Levels:**- **Production (in units):** - 78%: 43,400 units - 88%: 49,600 units - 98%: 55,800 units- **Standard Direct Labor Hours (7 DLH/Unit):** - 78%: 303,800 hours - 88%: 347,200 hours - 98%: 390,600 hours- **Budgeted Overhead (Flexible Budget):** - **Fixed overhead** for all levels: $4,166,400 - **Variable overhead:** - 78%: $1,822,800 - 88%: $2,083,200 - 98%: $2,343,600**Current Quarter Operations:**- Operated at 90% capacity and produced 55,800 units.- Actual direct labor totaled 386,600 hours.**Standard (Budgeted) Costs for 55,800 Units:**- Direct materials (1,674,000 pounds @ $5.50 per pound): $9,207,000- Direct labor (390,600 hours @ $14 per hour): $5,468,400- Overhead (390,600 hours @ $18 per hour): $7,030,800**Total Standard Cost:** $21,706,200**Actual Costs Incurred:**- Direct materials (1,658,000 pounds @ $7.60 per pound): $12,600,800- Direct labor (386,600 hours @ $12.00 per hour): ### Overhead Controllable Variance**Instructions:**Compute the overhead controllable variance. *(Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)***Table: Overhead Controllable Variance**This is a table with the following content:- A row labeled "Controllable variance" with empty cells for data input.**Explanation:**The table is designed to calculate the controllable variance in overhead costs. Each cell is intended for specific input data that reflects whether the variance is favorable, unfavorable, or demonstrates no variance. The variance analysis helps in determining how well costs are being managed as per the predefined standards or budgets.

Name: 8 part 3 ### Trini Company Standard and Actual Cost Analysis**Standard
Uploaded: 2024-03-20T06:33:06.000Z
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Description: 8 part 3 ### Trini Company Standard and Actual Cost Analysis**Standard Costs per Unit:**- **Direct materials:** 30 pounds @ $5.50 per pound = $165.00- **Direct labor:** 7 hours @ $14 per hour = $98.00- **Variable overhead:** 7 hours @ $6 per hour = $