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HI, I really need help with the problem. Can anyone help me? Thanks a bunch! a. Direct materials price variance, $10,100 U PR 22-3B Direct

HI, I really need help with the problem. Can anyone help me?

Thanks a bunch!

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a. Direct materials price variance, $10,100 U PR 22-3B Direct materials, direct labor, and factory overhead cost variance OBJ. 3,4 analysis Road Gripper Tire Co. manufactures automobile tires. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 4,160 tires were as follows: Actual Costs 101,000 lbs. at $6.50 2,000 hrs. at $15.40 Standard Costs Direct materials Direct labor Factory overhead 100,000 lbs. at $640 2,080 hrs. at $15.75 Rates per direct labor hr, based on 100% of normal capacity of 2,000 direct labor hrs Variable cost, $4.00 Fixed cost, $6.00 $8,200 variable cost $12,000 fixed cost Each tire requires 0.5 hour of direct labor Instructions Determine (a) the direct materials price variance, direct materials quantity variance, and total direct materials cost variance; (b) the direct labor rate variance, direct labor time vari- ance, and total direct labor cost variance; and (c) the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. a. Direct materials price variance, $10,100 U PR 22-3B Direct materials, direct labor, and factory overhead cost variance OBJ. 3,4 analysis Road Gripper Tire Co. manufactures automobile tires. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 4,160 tires were as follows: Actual Costs 101,000 lbs. at $6.50 2,000 hrs. at $15.40 Standard Costs Direct materials Direct labor Factory overhead 100,000 lbs. at $640 2,080 hrs. at $15.75 Rates per direct labor hr, based on 100% of normal capacity of 2,000 direct labor hrs Variable cost, $4.00 Fixed cost, $6.00 $8,200 variable cost $12,000 fixed cost Each tire requires 0.5 hour of direct labor Instructions Determine (a) the direct materials price variance, direct materials quantity variance, and total direct materials cost variance; (b) the direct labor rate variance, direct labor time vari- ance, and total direct labor cost variance; and (c) the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance

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