Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis \begin{tabular}{lll} & \multicolumn{1}{c}{ Standard Costs } & Actual Costs \\ \hline Direct materials & 7,300lb. at $5.70 & 7,200lb. at $5.60 \\ Direct labor & 1,400hrs. at $18.30 & 1,430hrs. at $18.50 \\ Factory overhead & Rates per direct labor hr., & \\ & based on 100% of normal \\ & capacity of 1,460 direct \\ & labor hrs.: \\ & Variable cost, $3.80 & $5,270 variable cost \\ & Fixed cost, $6.00 & $8,760 fixed cost \end{tabular} Each unit requires 0.25 hour of direct labor. Required: a. Determine the direct materials price variance, direct materials quantity variance, Direct materials price variance Direct materials quantity variance Total direct materials cost variance Direct labor rate variance Direct labor time variance Total direct labor cost variance c. Determine variable as a positive number. Variable factory overhead controllable variance Fixed factory overhead volume variance Total factory overhead cost variance