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need help asap plz Direct Materials, Direct Labor, and Factory Overhead Cost Varlance Analysis Mackinaw Inc, processes a base chemical into plastic. Standard costs and

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Direct Materials, Direct Labor, and Factory Overhead Cost Varlance 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 74,000 units of product were as follows: Standard Costs Actual Costs Direct materials 251,600 lbs. at $5.20 249,100 lbs. at $5.00 Direct labor 18,500 hrs. at $17.10 18,930 hrs. at $17.50 Factory overhead Rates per direct labor hr., based on 100% of normal capacity of 19,310 direct labor hrs.: Variable cost, $3.50 Fixed cost, $5.50 Each unit requires 0.25 hour of direct labor. $64,100 variable cost $106,205 fixed cost 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 Material Price Variance 13,000 x Favorable Direct Materials Quantity Variance 13,000 x Favorable Total Direct Materials Cost Variance 62,820 X Favorable eBook Print Item 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 positiv number. Direct Material Price Variance 13,000 x Favorable Direct Materials Quantity Variance 13,000 X Favorable Total Direct Materials Cost Variance 62,820 X Favorable 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 7,572 Unfavorable Direct Labor Time Variance 7,353 Unfavorable Total Direct Labor Cost Variance 14,925 Unfavorable c. Determine variable factory overhead controllable variance, the 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 49,820 x Favorable Fixed factory overhead volume variance 13,000 x Unfavorable Total factory overhead cost variance Unfavorable Fanthark

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