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 7,200 units of product were as follows:

engage Learning Cengage Learning Calculator 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 overhead incurred for the manufacture of 7,200 units of product were as follows Standard Costs Actual Costs Det materials 9.400 lb. at $6.00 9.300 lb. at $5.90 Direct labor 1.000 hrs. at $16.20 1.640 hrs. at $16.40 Factory overhead Rates per direct labor hr based on 100% of normal capacity of 1.60 direct labor hrs. Variable cost $4.40 Fixed cost $7.00 Each unit rus 0.25 hour of duct labor $7.040 variable cost $13,160 foced cost Required: . Determine the direct materials price variance, direct materials quantity variante, and total direct materials costvarance. Enter a favorable variance as a negative number using minus sign and an unfavorable variances positive number Det material price variance Direct materials quantity variance Total direct materials cost variance b. Determine the direct labor rate variance, direct lobortimo variance, and total unfavorable variance as positive number, negative s and an chy Work more Cha My Works remaining engage Learning Cengage Learning 30 Calculator labor hrs. Variable cost $4.40 Fred costs $7.00 Each unit requires 0.25 hour of direct labor $7,840 variable cost $13,160 forced cost Required: a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance, Enter a favorable minus sign and an unfavorable variance as a positive number, negative number using a Direct materials price variance Direct materials quantity variance Total direct materials cost variance b. Determine the direct laborate 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 laborate variance Direct labor time variance Total direct labor cost variance c. Determine variable factory overhead controllable variance, the faced factory overhead volume variance, and total factory overhead coat 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 Fixed factory overhead volume variance Total factory overhead cost variance Check My Work more Check My Works remaining