ACC-132-2 Principles of Accounting II Chapter 23 Web Class Oulf Coast Resins Company processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 4,100 units of product were as follows: Standard Costs Actual Costs Direct materials 6,850 pounds at $6.40 7,000 pounds at $6.35 Direct labor 2,050 hours at $19.80 2,100 hours at $20.20 Factory overhead Rates per direct labor hour, based on 100% of normal capacity of 1,950 direct labor hours: Variable cost, $2,50 $4,970 variable cost Fixed cost, $4.50 $8,775 fixed cost Each unit requires 0.5 hour of direct labor. Instructions: I Determine: 1. the price variance, quantity variance, and the total direct materials cost variance; 2. the rate variance, time variance, and the total direct labor cost variance; 3. variable factory overhead controllable variance, the fixed factory overhead volume variance, and the total factory overhead cost variance All Sections Please note the instructions in the drop box for the Chapter 23 Variance Problem. CREDIT WILL ONLY BE GIVEN FOR USING THE "U" FORMAT! This announcement is closed for comments Searchi entries or author Unread