Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 74,000 units of product were as follows: Standard Costs Direct materials Direct labor Factory overhead 244,200 lbs. at $5.20 18,500 hrs. at $18.10 Rates per direct labor hr., based on 100% of normal capacity of 19,310 direct labor hrs.: Variable cost, $3.60 Fixed cost, $5.70 Each unit requires 0.25 hour of direct labor. Required: Actual Costs 241,800 lbs. at $5.00 18,930 hrs. at $18.40 Direct Materials Quantity Variance Total Direct Materials Cost Variance $65,930 variable cost $110,067 fixed cost a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Materials Price Variance 0.20 X Favorable Favorable Favorable

Direct Materials, Direct Labor, and Factory Ovimeod cost Variaoce Analysis. manutacture of 74,000 units of product were as follows: Recuired: direct materian b. Determine the direct labor rote variance, direct labor time variance, and total direct labor cost variance, Enter a favorable variance as a negative numb using a minus sigh and an unfavorable variance es a positive number. c. Determine the variabie factory overhead controlloble variance, fixed factory overhead volume variance, and rotal factory overhead cost variance, Enter a favorable vanonce as a negative number using a minus sign and an unfavorable variance as a positive number: for dectual prodution. Veined tior the achial ints prodiced