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 70,000 units of product were as follow Actual Costs Direct materials Direct labor Factory overhead Standard Costs 224,000 lbs. at $4.90 17,500 hrs. at $16.20 Rates per direct labor hr.. based on 100% of normal 221,800 lbs. at $4.70 17,900 hrs. at $16.60 capacity of 18,250 direct labor hrs. Variable cost $4.30 $74,500 variable cost $124,168 fixed cost Faced cost, $6.80 Each unit requires 0.25 hour of direct labor. Determine variable factory overhead contr a riance, the feed factory overhead volume variance, and total factory overhead coat variance Enter a favorite variance as a neve numbering in and an unfavorable variancesa Variable factory overhead controllable wariance Fixed factory overhead me variance Total factory overhead cost variance