PR 7-3A Direct materials, direct labor, and factory overhead cost variance OBJ. 3,4 analysis Adamantane 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 15,000 units of product were as follows: Standard Costs Actual Costs Direct materials 5,000 lbs. at $50.00 4,950 lbs. at $50.60 Direct labor 3,000 hrs. at $25.00 2,945 hrs at $25.60 Factory overhead Rates per direct labor hr, based on 100% of normal capacity of 3,200 direct labor hrs. Variable cost, 55.50 $16,680 variable cost Fixed cost $4.00 $12.800 fixed cost Each unit requires 0.2 hour of direct labor. Instructions Determine (a) the direct materials price variance, direct materials quantity variance, and total direct materials cost variance; (b) the direct labor rate variance, direct labor time vari ance, and total direct labor cost variance; and (c) the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. For this DISCUSSION, please ANSWER ONLY ONE OF THE FOLLOWING QUESTIONS: Should public employee unions be barred from making political contributions in jurisdictions in which they represent employees