Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Each unit requires 0.25 hour of direct fabor. 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 as a positive number. Variable factory overhead controllable variance Fixed factory overhead volume variance Total factory overhead cost variance and equipment, $26,200; and insurance and property taxes, $7,990. Required: Tiqer Equipment Inc. Indirect materials Total variable cost Fixed costs: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fixed cost Total factory overhead cost Total controllable variances Total controllable variances Excess hours used over normal at the standard rate for fixed factory overhead