Mackinaw Inc. processes a base chemical into plastic.Standard costsand actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 4,800 units of product were as follows:

Standard Costs Actual Costs

Direct materials 6,200 lb. at $5.20 6,100lb. at $5.10

Direct labor 1,200 hrs. at $17.30 1,230 hrs. at $17.60

Factory overhead Rates per direct labor hr.,

based on 100% of normal

capacity of 1,250 direct

labor hrs.:

Variable cost, $3.00 $3,560 variable cost

Fixed cost, $4.70 $5,875 fixed cost

Each unit requires 0.25 hour of direct labor.

1. Required:
2. a.Determine the direct materialsprice variance, direct materialsquantity variance, and total direct materialscost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
3. Direct materials price variance$
5. Direct materials quantity variance
7. Total direct materials cost variance$
9. b.Determine the direct laborrate variance, direct labortime 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.
10. Direct labor rate variance $__________
11. Direct labor time variance __________
12. Total direct labor cost variance $______
13. c.Determine variable factory overheadcontrollable variance, the fixed factory overheadvolume 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.
14. Variable factory overhead controllable variance $____
15. Fixed factory overhead volume variance _______
16. Total factory overhead cost variance $________