eBook Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory 78,000 units of product were as follows: Actual Costs Direct materials 249,600 lbs. at $5.20 247,100 Ibs. at $5.00 19,950 hrs, at $16.90 Direct labor 19,500 hrs. at $16.60 based on 100% of normal capacity of 20,350 direct labor hrs.: Variable cost, $3.70 $71,430 variable cost Fixed cost, $5.80 $118,030 fixed cost Each unit requires 0.25 hour of direct labor Required: number using a minus sign and an unfavorable variance as a positive number. Direct Materials Quantity Variance Total Direct Materials Cost Variance b. Determine the direct labor ect labor cost varlance. Enter a favorable variance as a negative number using a minus Direct L uS 820PM