Bimet Materals, Oirect Labor, and Factory Overhead Cont Variance Analysis R.0ad Grippef: Tire Co. manufactures automobile tires. 5 tandard costs and actual costs for direct materisls, direct labor, and factory overtiad incurred for the manufacture of 4 , 160 tires wen Nequired: wign and on untavoraby variance as a povtive number Each tire requlres 0.5 hour of direct laboe. Aequiredi a. Determine the direct materials price variance, direct materias quantity variance, and total direct matenols cost variance, Enter a favorable variance as a necative mumber usiag a minus gign and an unfavorable variance as o positive number. b. Oetermine the direct labor rate velance, direct labor time variance, and total direct labor cost variance. Enter a faverable variance as a negative number using a minas sign and an unfavorabie variance as a postive number. c. Determine the vanable factory overhesd cortreilable varisnce, fixed foctory overhesd velume variance, and total factory overnead cost variance. Enter a favorable variance as a negative number using a minus sign and on unfavorable variance as a positive nomben Bimet Materals, Oirect Labor, and Factory Overhead Cont Variance Analysis R.0ad Grippef: Tire Co. manufactures automobile tires. 5 tandard costs and actual costs for direct materisls, direct labor, and factory overtiad incurred for the manufacture of 4 , 160 tires wen Nequired: wign and on untavoraby variance as a povtive number Each tire requlres 0.5 hour of direct laboe. Aequiredi a. Determine the direct materials price variance, direct materias quantity variance, and total direct matenols cost variance, Enter a favorable variance as a necative mumber usiag a minus gign and an unfavorable variance as o positive number. b. Oetermine the direct labor rate velance, direct labor time variance, and total direct labor cost variance. Enter a faverable variance as a negative number using a minas sign and an unfavorabie variance as a postive number. c. Determine the vanable factory overhesd cortreilable varisnce, fixed foctory overhesd velume variance, and total factory overnead cost variance. Enter a favorable variance as a negative number using a minus sign and on unfavorable variance as a positive nomben