Direct Materials, Direct Lobor, and Factory Overneed cost Variance Analysis Santiago inc. processes a base chemicat into plasti. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 40,000 units of product were as follows: Required: a. Determine the direct materials price variance, direct materials quantiky varince, and total direct materiais cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavbrable variance as a positive number. b. Determine the direct labor rate varlance, direct labor time varance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfovorable variance as a positive number a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positve 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 unfovorable variance as a positive number. 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. a. Determine the direct materials price variance, direct materials quantity variance; and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a posibve 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 unfavorable variance as a positive number. variance as a negative number using a minus sign and an unfavorabie variance as a positive number. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cont variance. Enter a favarable voriance as a negative number using a minus sign and an unfavorable variance as a positive number: b. Determine the derect fabor rate vanance, direct labor time variance, and total direct fabor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. c. Determine the variable factory overhead controllable vartance, fixed factocy overhead volume variance, and total factocy overhead cost variance. Enter a favorable variance as a negatlve number using a minus sign and an unfavorable variance as a pos bive number
