please help!!
eBook 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 78,000 units of product were as follows: Standard Costs Actual Costs Direct materials 234,000 lbs. at $6.00 231,700 lbs. at $5.80 Direct labor 19,500 hrs. at $17.00 19,950 hrs. at $17.20 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 Material Price Variance Favorable Direct Materials Quantity Variance Favorable Total Direct Materials Cost Variance Favorable t. 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 Unfavorable Direct Labor Time Variance Unfavorable Previous My Work Next > All work saved Email Instructor Save and I Submit Anment for Grading 00 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 Material Price Variance Favorable Direct Materials Quantity Variance Favorable Total Direct Materials Cost Variance 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 Unfavorable Direct Labor Time Variance Unfavorable Total Direct Labor Cost Variance Unfavorable Determine variable factory overhead controllable vanance, 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 $ Favorable Fixed factory overhead volume variance Unfavorable Total factory overhead cost variance Unfavorable $ Ok My Won Unfavorable variances can be thought of as increasing costs (a debit). Favorable variances can be thought of as decreasing costs (a credit). The factory overhead controllable variance is the difference between the actual variable overhead costs and the budgeted variable overhead for actual production The fixed factory overhead volume variance is the difference between the geted foced orhead 100% of normal capacity and the standard fred overhead for the actual units COM VODE Previous Next All work saved Email Instructor Save and Et Submit Antigament for Grading
