Spring 2020 Direct Mat Vances Bel l ingham Company pro t ingham Cory Produ c tory Overhead Cane CrOWI Online Calculator 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 262,500 lbs. at $4.80 19,950 hrs. at $17.30 Direct labor Factory overhead 265,200 lbs. at $5.00 19,500 hrs. at $17.10 Rates per direct labor hr, based on 100% of normal capacity of 20,350 direct labor hrs. Variable cost, $4.40 $84,940 variable cost $142,450 fixed cost Fixed cost, $7.00 Each unit requires 0.25 hour of direct labor Required: .. Determine the direct material price range, direct materials antity variance, and total direct materials costariance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Direct Material Price Variance Direct Materials Quantity Variance Total Direct Materials Cost Variance b. Determine the direct laborate variance, direct labor time variance, and total direct labor cost vanance Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Direct Labor Rate Variance Check My Work more Check My Work uses remaining Previous Calculator based on 100% of normal capacity of 20,350 direct labor hrs. Variable cost, $4.40 Fred cost, $7.00 Each unit requires 0.25 hour of direct labor Required: $84,940 variable cost $142,450 fixed cost a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost walance Enter a favorable variances negative number using a minus sign and an unfavorable variance as a positive number Direct Material Price Variance Direct Materials Quantity Variance Total Direct Materials Cost Variance 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 Direct Labor Time Variance Total Direct Labor Cost Variance c. Determine variable factory overhead controllable variance, the 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 Fred factory overhead volume variance Total factory overhead cost variance Check My Work more Check my work we remain Previous All worked Email Instructor Save and Submit Assignment for Grading
