Direct Materials, Direct Labor and ctory Overhead Cost Vance Analysis Mackinaw Inc. processes base chemical into plastie Standards and actual costs for direct material dietter and factory overhead cared for the manufacture of 70,000 units of product were as follows Standard Costs Actual Costs Direct materials 265,200 bat $4,60 262,500 lbst 54.50 Direct labor 19,500 hrs at $17.30 19,950 hrs. at $12.70 Factory overhead Rates per direct labore based on 100% of normal Capacity of 20,350 direct labor hrs Variable cost, $4,30 583,010 variable cost Fixed cost. 56.80 $135,380 Fixed cost Each ont requires 0.25 hour of direct labor Required: a. Determine the direct materials i vatance, direct materials quantity vanance, and total direct materials cost variance Enter a favorable variance as a negative number using minus sign and an unfavorable variance as a positive number Direct Materials Price Variance Direct Materials Quantity Variance Total Direct Materials Cost Vanoce b. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance Enter a favorable van once as a negative number using a minussion and an unfavorable variance as a positive number Direct Labor Rate Variance Direct Labor Tume Variance Total Direct Labor Cost Variance c. Determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cont variance Enter a favorabilt variance negative number using a minus sign and an unfavorable variance as a positive number Variable factory overhead controllable variance Fixed factory overhead volume variance Total factory querhead cost variance