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 $40,000$ units of product were as follows:

$\backslash$table$[[,$Standard Costs,Actual Costs$],[$Direct materials,$240,000lbs.$ at $$6\mathrm{.}40$ per lb$.,237,000lbs,$ at $$6\mathrm{.}50$ per lb$.],[$Direct labor,$12,000$ hrs$,$ at $$24\mathrm{.}20$ per hr$.,11,500hrs,$ at $$25\mathrm{.}00$ per hr$],[$Factory overhead,Rates per direct labor hr$.,$ based on $100\%$ of normal,$],[,$capacity of $15,000$ direct labor hrs$.$:$,$$$32,400$ variable cost$],[,$Variable cost, $$2\mathrm{.}50,$$$75,000$ fixed cost$]]$

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

Required:

$\backslash$table$[[$Direct Materials Price Variance,$$,$X$,$Unfavorable$],[$Direct Materials Quantity Variance,$$,,],[$Total Direct Materials Cost Variance,$$,,$Unfavorable $$