Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Santiago 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 70,000 units of product were as follows: Required: a. Determine the difect materials price variance, direct matenials quancty var inche, and total directimaterials cost variance. Enter a favorable varianci as a negative number using a minus sign and an unfavorable variance as a positive number. b. Determine the direct labor riete Varianice, direct labor tinet warlate. and total direct fabor cost variance. Enter a favsrable variance as a megative number ising a minus sion and an unfavorabie variance as a positive numben 3 more chack My wokk uses remining. Required: a. Determine the direct materials price variance, direct materials quantity varianice, and total direct materials cost varfance, Enter a favorable varlance as a negative number using a minus sign and an unfavorable variance as a positive number, b. Determine the direct labor rate variance, direct labor time variance, and tetal direce labor cost variance. Enter a favorable variance as a negative number iasing a minus sign and an unfavorable variance as a positlve number. c. Determine the varlable factory oyerhead contwilabie variarice; fixed factory overfeid viluinil wariance, and total factory overtiesd cost variance. Enter a favoralle variance as a negative number uiling a minus slgn and an unfavorable variance as a positive number