Direct Materials Direct labor, and Factory Overhead Cost Vrance Analyus Mackinawne processes a base chemical into plastic Standard costs and actual costs for direct materials, direct laborant factory overhead incurred for the manufacture of 40,000 units of product were as follows: Standard Costs Actual Costs Direct matena 120,000 lbs. at 53.20 per b. 118,500 lbs. at $3.25 per ib. Direct labor 12,000 hrs. 52440 per ht 11,700 hes, at $25.00 per hr Factory overhead Rates per direct labor based on 100% of normal capacity of 15,000 direct labor hre: Variable cost. 18.00 $91,200 variable cost Fixed cost. 510.00 $150,000 foxed Cost Each 0.3 hour oldet labor Required: . Determine the direct materials and direct materials anys, and to direct cost vrte. Enter a favorevine mountable na pot number Direct Material Price Variance Du Manis Quintay Varange Tu Direct Mos CV . Variable cost, 58.00 Fixed cost, 510.00 Each unit requires 0.3 hour of direct labor 391,200 variable cost $150,000 foxed cost Required: . Determine the direct materials province, direct materials quantity ance, and total de matas cout Enter a favorable variance as a negative number using minos sign and an unfavorable variance as a posive number Direct Material Price Valance Direct Materials Quantity Variance Total Direct Materials Cost Vacance Favorable b. Determine the direct to rate vir direct tabur time varian Urdavorable labor cost arunca, ter o favorable variance Heative number using a sus sign and a ustuvorable variantes positive number Det bort Variance wet Labor Time Variance Moral Labor Cost Venance Determine the abile factory overhead controle van Boeddwy overbestecand total factory overcostante a frente a regative number is minussen and advertence as a positive me Variable factory and controllerance ed factory overeed volume vastane Tactory over store