progress false Update AS Show Me How V Direct Materials Variances Venneman Company produces a product that requires 12 standard pounds per unit. The standard prices $4.50 per pound. 175.900 units required 72,200 pounds, which were purchased at $4.59 per pound, what is the direct materiais (a) price var, att variance, and total Grect materas convertera ferie variance as a negative number using a minus vign and an unfavorable variance as a positive number a. Direct materials price variance -6,498 X Favorable x b. Direct materials quantity vartance Favorable x e. Total direct materials cost variance -12,798 X Favorable x -1,400 x Crack My Unfavorable variances can be thought of as increasing costs (a debits. Favorable variances can be thought of a decreasing costs acredit Fun Direct Labor Variances Venneman Company produces a product that requires 4 standard hours per unit at a standard hourly rate of $19.00 per hour. If 2,200 units required 9,100 hours at an hourly rate of $18.62 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) 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. a. Direct labor rate variance b. Direct labor time variance C. Total direct labor cost variance HOW Printer Factory Overhead Volume Variance you Venneman Company produced 3,800 units of product that required 5 standard hours per unit. The standard fixed overhead cost per unit is 52.65 per hour at 17,300 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number