Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis \begin{tabular}{lll} & \multicolumn{1}{c}{ Standard Costs } & \multicolumn{1}{c}{ Actual Costs } \\ \hline Direct materials & 229,400lbs. at $5.60 per lb. & 227,100lbs. at $5.40 per lb. \\ Direct labor & 18,500hrs. at $17.90 per hr. & 18,930 hrs. at $18.30 per hr. \\ Factory overhead & Ratesperdirectlaborhr.,basedon100%ofnormalcapacityof19,310directlaborhrs. & \\ & Variablecost,$4.80 & $87,910 variable cost \\ & Fixed cost, $7.60 & $146,756 fixed cost \end{tabular} Each unit requires 0.25 hour of direct labor. Required: 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 Variable factory overhead controllable variance Fixed factory overhead volume variance Total factory overhead cost variance