Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 78,000 units of product were as follows:

	Standard Costs		Actual Costs
Direct materials	218,400 lbs. at $5.50		216,200 lbs. at $5.40
Direct labor	19,500 hrs. at $18.30		19,950 hrs. at $18.50
Factory overhead	Rates per direct labor hr.,
	based on 100% of normal
	capacity of 20,350 direct
	labor hrs.:
		Variable cost, $3.60	$69,500 variable cost
		Fixed cost, $5.70	$115,995 fixed cost

Each unit requires 0.25 hour of direct labor.

Required:

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 positive number.

Direct Materials Price Variance	$fill in the blank 1
Direct Materials Quantity Variance	$fill in the blank 3
Total Direct Materials Cost Variance	$fill in the blank 5

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.

Direct Labor Rate Variance	$fill in the blank 7
Direct Labor Time Variance	$fill in the blank 9
Total Direct Labor Cost Variance	$fill in the blank 11

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.

Variable factory overhead controllable variance	$fill in the blank 13
Fixed factory overhead volume variance	$fill in the blank 15
Total factory overhead cost variance	$fill in the blank 17