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(W10,23) Need help with this question please! eBook Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into

(W10,23) Need help with this question please!
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eBook 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 231,700 lbs, at $5.00 Direct materials. 234,000 lbs. at $5.10 19,500 hrs. at $17.80 19,950 hrs. at $18.10 Direct labor Factory overhead Rates per direct labor hr., based on 100% of normal capacity of 20,350 direct labor hrs.: Variable cost, $3.00 $57,920 variable cost Fixed cost, $4.70 $95,645 fixed cost Each unit requires 0.25 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 Based on 100% of normal capacity of 20,350 direct labor hrs.: Variable cost, $3.00 $57,920 variable cost Fixed cost, $4.70 $95,645 fixed cost Each unit requires 0.25 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. Direct Materials Price Variance -V Favorable Favorable Direct Materials Quantity Variance Total Direct Materials Cost Variance Favorable 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 Unfavorable Direct Labor Time Variance Unfavorable Total Direct Labor Cost Variance Unfavorable Determine the variable factory overhead contrata variance, fixed factory overhead and total factory overhead cost variance pugnsfase eBook as a negative number using a minus sign and an unfavorable vanance as a positive number. Direct Materials Price Variance Favorable Direct Materials Quantity Variance Favorable Total Direct Materials Cost Variance Favorable b. Determine the direct labor rate variance, direct labor time varlance, 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 Unfavorable V Direct Labor Time Variance Unfavorable V Total Direct Labor Cost Variance. Unfavorable 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 Favorable -V $ Unfavorable Fixed factory overhead volume variance Total factory overhead cost variance Unfavorable Feedback *** G

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