Direct Materiais, Direct Lobor, and Factory overhest Cott Variance Anolysis Mackinaw Inc, processes a base chemical into plartic standard costs and actual costs for drect materials, drect labor, and factory overnead incurred for the manufacture of 70,000 units of product were as followst tach unt requires 9.23 nour on vrect revr. Required: a. Determine the direct moterials price variance, derect materials quantity variance, and totol drect moteriais cost varinice, Enter a favorable varianco as a negative number using a minus sigh and an unfovorable varience as a positive number. b. Determine the direct labor rabe variance, di rect labor titit variance, and total direct labor cost variance. Enter a favorable variance os a negative namber using a minus sign and an untavorable varlance as a posive numbert. c. Determine the variable foctory overheod controiabio yariance, fued factory overheod volume wariance, and total factory overneas cost varlance. Enter a Tovoroble variance at a negotive number using a minus sign and on unfavorable variance as a positive niamber