Chapters Direct Materials Direct Labor and Factory Overhead Cost Variance Analysis Machine in Standard costs and actual costs for direct materials, direct labor and factory overhead incurred for the manufacture of 70,000 units processes a base chemical plast Standard Coats Direct mat Actual Costs 221.500 . 55.10 17,900 hrs. $1820 Director Factory overhead 24.000 55.20 17.500 h. a 17.30 Rates per direct labore based on 100% of normal capacity of 18,260 direct Variable cost, 4.40 Fixed cost. 17.00 $76,230 variable con $127.820 foxed cost Each 25 hour of Grect later Required and variance, and total de materia l forbeariance as a m e mbering a n d table and .. Determine the direct materias price andere materials a potive number Direct Materais Price Variance Direct Materiais Quantity Variance Total Direct Materias Cost Variance raminadverbia 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 Vrance c. Determine the variable factory overheat controlable variance, fed factory overhead volume variance, and total factory overhead cost wariance. 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 Fored factory overhead volume variance Total factory overhead cost variance