Gulf Coast Resins Company processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 4,100 units of product were as follows: Standard Costs Actual Costs Direct materials 6,850 pounds at $6.40 _7,000 pounds at $6.35 Direct labor 2,050 hours at $19.80 2,100 hours at $20.20 Factory overhead Rates per direct labor hour, based on 100% of normal capacity of 1,950 direct labor hours: Variable cost, $2.50 $4,970 variable cost Fixed cost, $4.50 $8,775 fixed cost Each unit requires 0.5 hour of direct labor. Instructions: Determine: 1. the price variance, quantity variance, and the total direct materials cost variance; 2. the rate variance, time variance, and the total direct labor cost variance; 3. variable factory overhead controllable variance, the fixed factory overhead volume variance, and the total factory overhead cost variance