con for the year? Je on the actual production for the Controllable $14,800) F PR 8-3A Direct materials, direct labor, and factory overhead cost variance analysis Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for deca materials, direct labor, and factory overhead incurred for the manufacture of 40.000 units product were as follows: Actual Costs 118,500 lbs. at 53.25 per lo 11,700 hrs. at $25.00 per hr. O 1.4 EXCEL TEMPLATE Standard Costs Direct materials 120,000 lbs. at $3.20 per lb. Direct labor 12,000 hrs. at $24.40 per hr. Factory overhead Rates per direct labor hr., based on 100% of normal capacity of 15,000 direct labor hrs: Variable cost, $8.00 Fixed cost, $10.00 Each unit requires 0.3 hour of direct labor. $91,200 variable cost $150,000 fixed cost Chapter 8 Evaluating Variances from Standard Costa 409 Instructions Determine (A) the direct materials price variance, direct materials cost variance; (B) the direct labor total direct labor cost variance; and (c) the va fixed factory overhead volume variance, and totalt materials price variance, direct materials quantity variance, and total s variance; (B) the direct labor rate variance, direct labor time variance, and ince; and (C) the variable factory overhead controllable variance. Volume variance, and total factory overhead cost variance. PR 8-4A Ents