Tem 2022 Th Direct labor's standard and actual costs for 1,000 units manufactured were as follows: (22 Puntos) Actual costs-480 hours @$18.00 and Standard costs-485 hours@$17.75 Determine the (a) total direct labor cost variance, (b) rate variance, and (c) time variance. ANS (a) Total Direct Labor Cost Variance ACCT 3055 Coa Examen V Fmal C Dr. Herminio Re V: Mor of the (b) Rate (Price) Vairance (3) Time (Quantity) Variance IV. The standard factory overhead rate is $12 per machine hour ($10 for variable factory overhead and $2 for fixed factory overhead) based on 100% capacity of 42,000 machine hours. The standard cost and the actual cost of factory overhead for the production of 2,000 units were as follows: (21 Puntos) Actual: Variable MOH $350,500, Fixed MOH $84,000, and Standard: 35,000 hours @ $12-420,000. Determine the (a) total factory overhead cost variance. ANS: (a) Total Factory Overhead Cost Variance