uiz 6 < > v2.cengagenow.com +88 [REQUIRED] Chapter 23 Homework C CengageNOWv2 | Online teaching and learning resource from Ceng... G Financial & Managerial Accounting - Carl S. Warren, James M. Reeve... eBook Fixed cost, $6.00 $12,000 fixed cost Each tire requires 0.5 hour of direct labor. Required: 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. Price variance 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. > Rate variance Time variance Total direct labor cost variance $ 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 Time Remaining: 2:21:37 Submit Test for Grading < > [REQUIRED] Chapter 23 Homework v2.cengagenow.com +88 C CengageNOWv2 | Online teaching and learning resource from Ceng... G Financial & Managerial Accounting - Carl S. Warren, James M. Reeve... Quiz 6 eBook Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Road Gripper Tire Co. manufactures automobile tires. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 4,160 tires were as follows: Standard Costs Direct materials 100,000 lbs. at $6.40 2,080 hrs. at $15.75 Direct labor Factory overhead Rates per direct labor hr., based on 100% of normal capacity of 2,000 direct labor hrs.: Actual Costs 101,000 lbs. at $6.50 2,000 hrs. at $15.40 Variable cost, $4.00 Fixed cost, $6.00 $8,200 variable cost $12,000 fixed cost Each tire requires 0.5 hour of direct labor. Required: 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. Price variance Quantity variance Total direct materials cost variance Time Remaining: 2:21:41 Submit Test for Grading