Direct Materials and Direct Labor, Variance Analysis \begin{tabular}{lcc} & \multicolumn{1}{c}{ Standard Costs } & Actual Costs \\ \hline Direct materials & 9,900 lbs. at $5.50 & 9,800 lbs. at $5.40 \\ Direct labor & 1,900 hrs. at $17.60 & 1,940 hrs. at $18.00 \\ Required: & & \end{tabular} Price variance Quantity variance Total direct materials cost variance Rate variance Time variance Total direct labor cost variance Unfavorable Unfavorable Unfavorable Direct Materials and Direct Labor, Variance Analysis \begin{tabular}{lcc} & \multicolumn{1}{c}{ Standard Costs } & Actual Costs \\ \hline Direct materials & 9,900 lbs. at $5.50 & 9,800 lbs. at $5.40 \\ Direct labor & 1,900 hrs. at $17.60 & 1,940 hrs. at $18.00 \\ Required: & & \end{tabular} Price variance Quantity variance Total direct materials cost variance Rate variance Time variance Total direct labor cost variance Unfavorable Unfavorable Unfavorable