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Determine variable factory overhead controllable variance, the fixed factory overhead volume variance, and total factory overhead cost variance. a) Price Variance =$582 Unfavourable Quantity Variance

Determine variable factory overhead controllable variance, the fixed factory overhead volume variance, and total factory overhead cost variance.

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a) Price Variance =$582 Unfavourable Quantity Variance =$750 Favourable Total Direct Materials Cost Variance =$168 Favourable b) Rate Variance =$8,120 Unfavourable Time Variance =$2,520 Unfavourable Total Direct Labour Cost Variance =$10,700 Unfavourable Standard costs and actual cost for direct materials, direct labor, and factory overhead incurred for the manufacture of 2,000 units of product were as follows

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