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Accounting thx pls Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred

Accounting thx pls

Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 6,400 units of product were as follows:

Standard Costs Actual Costs
Direct materials 8,300 lb. at $4.80 8,200 lb. at $4.70
Direct labor 1,600 hrs. at $18.70 1,640 hrs. at $19.00
Factory overhead Rates per direct labor hr.,
based on 100% of normal
capacity of 1,670 direct
labor hrs.:
Variable cost, $3.00 $4,750 variable cost
Fixed cost, $4.70 $7,849 fixed cost

Each unit requires 0.25 hour of direct labor.

Required:

a. Determine the direct materials price variance, 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 rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Direct labor rate variance $
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 variance. Enter 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 $

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