Santiago Inc. processes a base chemical into plastic Standard costs and actual costs for direct materials, direct labot and factory overhead incurred for the manufacture of 74,000 units of product were as follows: Standard Costs Actual Costs Drect materals 207,200 lbs. at $5.00 per b 205,100 lbs. at $4.00 per b Direct labor 18.500 hrs. at $16.60 per he 18.930 hrs. at $16.50 per h Rates per drect labor hr, based on 100% of normal Factory overhead $78,750 variable cost $131.308 fixed cost capacity of 19,310 direct labor hrs. Variable cost, $4.30 Found cost, 56.80 Each unt requires 0.25 hour of direct labor Required: a. Determine the direct materals pron vananen, direct materials quantity variance, and total deect matenais cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable varance as a positive number Direct Materials Price Vance Direct Materials Quantity Vance Total Direct Materials Cast Venance b. Determine the direct labor rate variance, drect labor one variance, and total direct labor cost vanance. Enter a favorable varance as a negative number using a minus sign and an unfavorable variance as a postive number a. Determine the direct materials price variance, direct materials quantity variance, and total drect materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable vanance as a positive Direct Matenals Price Variance Direct Materials Quantity Vance Total Direct Mater Cost Vrance b. Determine the drect labor rate variance, direct labor time variance, and total drect labor cost variance Enter a favorate variance as a negative number using a minus sign and an unfavorable vanance as a positive number Orect Labor Rate Varance Diet Latur Time Variance Total Ored Labor Cost Vance 6. Determine the verable factory overhead contrabance, Red factory overhead vmance, and total factory overhead cost vanance. Enter a favorate variance as a negative number using a minus sign and an undivide Variable factory overhead contruatie vanance - Fed factory overhead volume varame Total factory overhead cost vanane