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 234,000 lbs. at $5.60 231.700 lbs at $5.50 19.950 hrs at $18.60 Direct labor 19.500 hrs. at 518.30 Factory overhead Rates per direct labor ht, based on 100% of normal capacity of 20,350 direct labores Variable cost. $2.90 Fixed cost, 54.60 Each unit requires 0.25 hour of direct labor $55.980 variable cost $93.610 fixed cost Required: a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials com favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Direct Material 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 varianter avable as a negative number using a minus sign and an unfavorable variance as a positive number Direct Labor Rate Variance 5 Direct Labor Time Variance Total Direct Labor Cost Variance 3 c. Determine variable factory overhead contra le variance, the fixed factory overhead volume and total factory cost variance. Enter a favorable variance as a negative number using a minussion and an unfavorable arance Variable factory overhead controllable variance Fixed factory overhead volume variance Total factory overhead cost variance Previous Time Remaining 1:25:20 All Wave Schemes forang 210 AM