=+Hawley Inc. manufactures woven baskets for national distribution. The standard costs for the manufacture of Folk Art style baskets were as follows:

Standard Costs Actual Costs Direct materials 1,500 lbs. at $35 1,600 lbs. at $32 Direct labor 4,800 hrs. at $11 4,500 hrs. at $11.80 Factory overhead Rates per labor hour, based on 100% of normal capacity of 5,500 labor hrs.:

Variable cost, $2.40 $12,300 variable cost Fixed cost, $3.50 $19,250 fixed cost Instructions 1. Determine the quantity variance, price variance, and total direct materials cost variance for the Folk Art style baskets.