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

PR 22-3 analysis Adamantane I for direct materials 15,000 units of product were as follows: A Direct materials, direct labor, and factory overhead cost variance OBJ3, 4 nc. processes a base chemical into plastic. Standard costs and actual costs ct materials, direct labor, and factory overhead incurred for the manufacture of ble Actual Costs 4,950 lbs. at $50.60 2,945 hrs. at $25.60 Standard Costs Direct materials Direct labor Factory overhead 5,000 lbs, at $50.00 3,000 hrs. at $25.00 Rates per direct labor hr. based on 100% of normal capacity of 3,200 direct labor hrs: Variable cost, $5.50 Fixed cost, $4.00 $16,680 variable cost $12,800 fixed cost Each unit requires 0.2 hour of direct labor. Instructions Determine (a) the direct materials price variance, direct materials quantity variance, and total direct materials cost variance; (b) the direct labor rate variance, direct labor time vari- ance, and total direct labor cost variance; and (c) the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance