Direct materials , direct labor, and factory overhead cost variance analysis

ToP the year? PR 22-3A Direct materials, direct labor, and factory overhead cost variance analysis able Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for 0) F materials, direct labor, and factory overhead incurred for the manufacture of 40,000 u Obj. 3,4 s for direct units of product were as follows: Standard Costs 20,000 lbs. at $3.20 per lb. 12,000 hrs. at $24.40 per hr. based on 100% of normal capacity of 15,000 direct Actual Costs 118,500 lbs. at $3.25 per lb. 11,700 hrs. at $25.00 per hr. PLATE Direct materials Direct labor Factory overhead Rates per direct labor hr abor hrs Variable cost, $8.00 Fixed cost, $10.00 $91,200 variable cost $150,000 fixed cost Each unit requires 0.3 hour of direct labor