4 ces Direct materials 61 000 pounds 5 10 per pound Direct labor 23 000 hours 12 30 per hour Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation Building Depreciation Machinery Taxes and insurance Supervisory salaries Total costs Actual Cost 0 2 Compute the direct materials variance including its price and quantity variances Note Indicate the effect of each variance by selecting favorable unfavorable or no variance 0 41 650 176 150 17 250 34 500 24 000 94 500 16 200 293 000 311 100 282 900 0 697 250 1 291 250 0