Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Maconaw 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 78,000 units of product were as follows: Standard Costs Actual Costs Direct materials 226,200 tbs. at $5.70 223,900 lbs, at $5.60 Direct labor 19,500 hrs. at $16.90 19,950 hrs., at $17.10 Factory overhead Rates per direct labor inn, based on 100% of normal capacity of 20,350 direct laboris Variable cout, $4.60 $82,800 Variable cost Fixed cost, 37.30 $148,555 fixed cost Each unit requires 0.25 hour of direct labor Required a. Determine the direct materials peice variance, direct materiais quantity variance, and total direct materials cost variance. Enter a favorable variant as a negative number using a mus on and an unfavorable variant as a positive number Direct Materials Price Variance Direct Materials Quantity Vartance Total Direct Materials Cost Variance b. Determine the direct laborate variance, direct labor time variance, and total direct labor cost ananc. Enter a favorable variance as a negative number using minus sign and an unfavorable variance as a positive number, Direct Labor Rate Valve Die Tim Van Check My Work more Ch My Womania capacity of 20,350 direct labores Variable cost, 54.60 $88,800 valable cost Fixed cost, 5730 $148,555 xed cost Each unit requires 0.25 hour of direct labor Required: - Determine the direct material price variance, direct materials quantity variance, and total direct materials costos 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 Quantry Variance Total Direct Materials Cost Variance b. Determine the direct labor rote variance, direct labor time variance, and total direct labor cost variance Enter a favorable variance as a negative number iting a minus sign and an unfavorable variance as a positive number Direct Labor Rate Variance Direct Labor Time Variance Total Direct Labor Cost Variance c. Determine the variable factory overhead controllable variance, fed factory overhead bune variance, and total factory overhead cost variance, Inter a tvorable 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