Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw 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 6,400 units of product were as follows: Standard Costs Actual Costs Direct materials 3,300 16. at $5.90 8,200 lb. at $5.70 Direct labor 1,600 hrs. at $16.60 1.640 hrs. at $16.90 Factory overhead Rates per direct labor hr., based on 100% of normal capacity of 1,670 direct labor hrs. Variable cost, $3.90 $6,180 variable cost Fixed cost, $6.20 $10,354 fixed cost Each unit requires 0.25 hour of direct labor Required: a. Determine the direct materiais price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct materials price variance Direct materials quantity variance Total direct materials cost variance b. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Direct labor rate variance Direct labor time variance Total direct labor cost variance O c. Determine variable factory overhead controllable variance, the fixed factory overhead volume variance, and total factory overhead cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Variable factory overhead controllable variance Fixed factory overhead volume variance Total factory overhead cost variance Relevant Range and Fixed and Variable costs Vogel Inc. manufactures memory chips for electronic toys within a relevant range of 134,400 to 218,400 memory chips per year within this range, the following partially completed manufacturing cost schedule has been prepared: Components produced 134,400 166,400 210,400 Total costs Total variable costs $63,168 (0) 0) Total fixed costs 59.800 (0) (k) Total costs 5133,056 (0) Cost per unit: Variable cost per unit (a) (m) Fixed cost per unit. (h) (n) Total cost per unit (c 0) (0) Complete the cost schedule below. When computing the cost per unit round to two decimal places. Round all other values to the nearest dollar Complete the cost schedule below. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar Cost Report Components produced 134,400 166,400 218,400 Total costs: Total variable costs $63,168 (d) 0) Total fixed costs 69,888 (e) (k) Total costs $133,056 () (0 Cost per Unit Variable cost per unit Fixed cost per unit (h) Total cost per unit