Difference Standard rate Direct labor time variance Indicate if favorable or unfavorable The change in the caused the labor rate variances. This change been responsible for the direct labor time variance. have 12. Determine and interpret the factory overhead controllable variance. Enter all amounts as positive numbers Actual variable overhead Variable overhead at standard cost Factory overhead controllable variance Indicate if favorable or unfavorable The factory overhead controllable variance was caused by the variance in 13. Determine and interpret the factory overhead volume variance. When determining the fixed factory overhead rate, round the factory overhead rate to two decimal places and the factory overhead volume variance to whole dollars. Enter all amounts as positive numbers Normal volume (cases) Actual volume (cases) Difference Factory overhead controllable variance Indicate if favorable or unfavorable The factory overhead controllable variance was caused by the variance in 13. Determine and interpret the factory overhead volume variance. When determining the fixed factory overhead rate, round the factory overhead rate to two decimal places and the factory overhead volume variance to whole dollars. Enter all amounts as positive numbers. Normal volume (cases) Actual volume (cases) Difference Fixed factory overhead rate Factory overhead volume variance Indicate if favorable or unfavorable The volume variance indicates the cost of 14. Why are the standard direct labor and direct materials costs in the calculations for parts (10) and (11) based on the actual 1,500-case production volume rather than the planned 1,375 cases of production used in the budgets for parts (6) and (7)