Direct materials, direct labor, and factory overhead cost variance analysis

Standard Costs

Actual Costs

Each unit requires $0\mathrm{.}3$ hour of direct labor.

Required:

variance as a positive number.

Direct Materials Price Variance

Direct Materials Quantity Variance

$

Total Direct Materials Cost Variance

$

number.

Direct Labor Rate Variance

Direct Labor Time Variance

Total Direct Labor Cost Variance

$

$

and an unfavorable variance as a positive number.

Variable factory overhead controllable variance

Fixed factory overhead volume variance

$

Total factory overhead cost variance

$