Direct Materials, Direct Labor and Factory Overhead Cost Vrance 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 78,000 units of product were as follows: Standard Costs Actual Costs Direct materials 226,200 lbs 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 labore based on 100% of normal capacity of 20,350 direct laboris Variable cost, 54.60 $88,800 variable cost Fixed cost, 5730 $148,555 Pixed cost Each unit requires 0.25 hour of direct labor Required: a. Determine the direct material price variance, direct materials quantity and, and total direct materials cost variance Inter a favorable vacances negative number using a minus tion and an unfavorable variance as a positive number Direct Materiale Price Variance Direct Materials Quantity Variance Total Direct Materials Cost Variance ti Determine the direct aborrate variance, Srect labor time variance, and total direct labor cost varance. Enter a favorable variance as a negative come using a and an unfavorable variances a positive number Direct Labor Rate Variance capacity of 20,350 direct tabor hrs. Variable cost, $4.60 $88,800 variable cost Fixed cost, $7:30 $148,55S feed cost Each unit requires 0.25 hour of direct labor Required: . Determine the direct materials price variance, direct materiais quantity variance, and total direct materials cose 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 c. Determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cont capce. Enter a favorable variance as a negative number using minus sign and an unfavorable variance as a potember Variable factory overhead controllable variance Fixed factory overhead volume vacance Total factory overhead cost variance