Pom 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 195,000 lbs. at $5.90 193,100 lbs. at $5.70 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, $3.50 $67,570 variable cost Fixed cost, $5.50 $111,925 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 vacance. 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 Favorable Total Direct Materials Cost Variance Ch 22 HW eBook Each unit requires 0.25 hour of direct labor Print tem Required: . Determine the direct materials price variance, direct materials quantity variance, and total direct materials costvartaricaEnter 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 Favorables 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 c. Determine variable factory overhead controllable variance, the fixed factory overhead volume variance, and total factory overhead cost variance Enter a favorable variance os a negative number using a minus sign and an unfavorable variance as a positive number Variable factory overhead controllable variance Lavorable Fixed factory overhead volume variance Unfavorables Total factory overhead cost variance Unfavorable Feedback Check My Wor Previous