23.10

Data Direct Labor, and Factory Overhead Cost Variance Analysis on the processes a base chemical into plastic Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture 200 units of product were as follows: Standard Costs Actual Costs Direct materials 9,400 lb. at $5.60 9,300 lb. at $5.40 Director 1,800 hrs. at $16.20 1,840 hrs, at $16.40 Factory overhead Rates per direct labor hr based on 100% of normal capacity of 1.880 direct labor hrs. Variable cost, $3.60 56,420 variable cost Fixed cost $5.70 $10,716 Foxed cost Each unit requires 0.25 hour of direct labor. Required a. Determine the direct materials province, direct materials quantity variance, and total direct materials cost variance, Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Direct materials price variance Direct materials quantity variance Total direct materials cost variance b. Determine the direct labor rute variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative numbering minus sign and an unfavorable variance as a positive number Dired labor rate variance Previous capacity of 1,880 direct labor Vartable cost, $3.60 Fixed cost. 55.70 56,420 variable cost $10,716 fixed cost Enchoner 0.25 hour of direct labor quired 3. On the direct materiais prion variance, direct materials quantity Valance, and total direct materials cost variance. Enter a favorable variance as a negative nga nussion and an unfavorable variance as a positive number Direct material cric variance Direct materials quantity variance Total direct materials cost variance b. Determine the direct laborant varianos, direct laborievartant, and total direct labor cost varlance. Enter a favorable variance as a negative number using minus sign and an unfavorable variances positive number Direct laborate varianco Direct labor time variance Total direct labor cost variance c. Determine variable factory overhead controllable variance, the fixed factory overhead volume Variance, and total factory overhead cost varianter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Variable factory overhead controllable variance Fixed factory overhead volume variance Total factory overhead cost variance