Direct Materials, Direct Labor, and Fectory Overhead Cost Variance Analysis lebor, and factory overhead incurred for Eastern Polymers, Inc., processes ollows a base chemical into plastic. Standard costs and actual costs for direct materials, direct the manufacture of 6,000 units of product were as Standard Costs Actual Costs 7,800 Ibs. at $5 1,500 hrs. at $17.4 Rates per direct labor he, based on 100% of normal capacity of 1,560 direct labor hrs. Direct materials Direct labor Factory overhead 7,700 lbs. at $4.8 ,530 hs at $17.8 $6,830 variable cost Variable cost, $4.6 Fixed cost,$7.3 Each unit requires 0.25 hour of direct labor Required: a. Determine the direct materials price variance, direct materials quntity variance, and tota a favorable variance as a negative number using a minus sign and an unfavorable direct materials cost variance. Enter variance as a postve number Price variance Quantity variance Total direct materials cost variance b. Determine the direct labor rate variance, direct labor time variance, br cost variance. Enter a favorable variance as a negative number using a minus sign and an unfevorable variance as Rate variance Time variance Next Previous