Direct Materials, Direct Lobor, and Factory Overhead Cost Variance Analysis Santago Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factary ovierthead incurred for the manufacture of 70,000 units of product were as follows: Required: a. Determine the direct materials price variance, direct matenals quantity variance, and total direct materials coit variance Enter o favorable variance as a negative number using a minus sign and an unfavorable varlance as a positive number: 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 anfavorable variance as a positive number: c. Determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Feedoock FCheck My Work Unfavorable variances can be thought of as increasing costs (a debit). Favorable variances can be thought of as decreasing costs (a credit). The variable factory overhead controllable variance is the difference between the actual variable overhead costs and the budpeted variable overhead for actual production. The fixed factory overtiesd volume variance is the differenco between the badgeted fixed overhead at 100% of normal capacity and the