. Cost variance analysis rios Inc. mannfactures base plastics. The standard costs and actual costs for direct materials, direct labor, and factory overthead incurred for the manufacturing of 1,500 units are as follows: Actual costs 5,930 Ibs.@ s350 1,140 hrs. @ $18.50 Standard costs 6,000 Ibs.@$3.40 1,125 hrs.@ $18.00 Rates per D/L hour Based on 100% of normal capacity of 1,100 D/L hrs. Variable cost, $4.80 Fixed cost S 12.00 Direct materials Direct labor Factory Ovhd. $5,250 variable cost S13,280 fixed cost Each unit requires .75 hours of direct labor Determine: (1) D/M price and quantity variance, and total DM cost variance (2) D/L rate and time variance, and total D/L cost variance (3) variable FOV controllable variance, and fixed FOV volume variance, and total FOV cost variance