Santiago 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: Direct materials Direct labor 251,600 lbs. at $4.80 per lb. 18,500 hrs. at $18.40 per hr. Rates per direct labor hr., based on 100% of normal capacity of 19,310 direct labor hrs.: Variable cost, $3.40 Fixed cost, $5.40 Each unit requires 0.25 hour of direct labor. Factory overhead Required: Direct Materials Quantity Variance Total Direct Materials Cost Variance Standard Costs Direct Labor Rate Variance 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 Materials Price Variance Direct Labor Time Variance Total Direct Labor Cost Variance $ $ $ Actual Costs $ 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. 249,100 lbs. at $4.60 per lb. 18,930 hrs. at $18.70 per hr. $62,270 variable cost $104,274 fixed cost c. Determine the variable factory overhead controllable variance, 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 Fixed factory overhead volume variance Total factory overhead cost variance

Santiago Inc processes a base chemical into plastic. Standard costs and actual costs for difect materials, direct labor, and foctory overhead incurred for the manufacture of 74,000 units of product were as follows: Required: 7. Dettrmine 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 untavorable variance as a positive number. b. Determine the diect labor rate variance, direct labor time vaciance, and total direct labor cost variance, Enter a favorabie variance as a negative number using a minus sign and an unfavorable variance as a positive number. o D T c. Determine the variable factory overhead controllable variance, 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