X 23010 x subsid: How the Gobiert X M HO ow.com /takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress-false eBook Calculator Print Item based on 100% of normal capacity of 20,350 direct labor hrs.: Variable cost, $4.80 $92,660 variable cost Fixed cost, $7.60 $154,660 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 vari number using a minus sign and an unfavorable variance as a positive number. Direct Material Price Variance $ -50,960 Favorable Direct Materials Quantity Variance $ -13,520 Favorable Total Direct Materials Cost Variance -64,480 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 minus sign and an unfavorable variance as a positive number. Direct Labor Rate Variance $ 3,990 Unfavorable Direct Labor Time Variance 8.190 Unfavorable Total Direct Labor Cost Variance 12.180 Unfavorable c. Determine variable factory overhead controllable variance, the fixed factory overhead volume variance, and total factory overhead cost variance. En variance as a negative number using a minus sgn and an unfavorable variance as a positive number Variable factory overhead controllable variance Favorable Fixed factory overhead volume variance Unfavorable Total factory overhead cost variance Unfavorable Check My Work 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 257,400 lbs. at $5.20 254,800 lbs. at $5.00 Direct labor 19,500 hrs. at $18.20 19,950 hrs. at $18.40 Factory overhead Rates per direct labor hr., based on 100% of normal capacity of 20,350 direct labor hrs.: Variable cost, $4.80 Fixed cost, $7.60 Each unit requires 0.25 hour of direct labor. $92,660 variable cost $154,660 fixed cost 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 Material Price Variance $ -50,960 Favorable Direct Materials Quantity Variance $ -13,520 Favorable Total Direct Materials Cost Variance $ -64,480 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 3,990 Unfavorable Direct labor Time Variance $ 8,190 Unfavorable X 23010 x subsid: How the Gobiert X M HO ow.com /takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress-false eBook Calculator Print Item based on 100% of normal capacity of 20,350 direct labor hrs.: Variable cost, $4.80 $92,660 variable cost Fixed cost, $7.60 $154,660 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 vari number using a minus sign and an unfavorable variance as a positive number. Direct Material Price Variance $ -50,960 Favorable Direct Materials Quantity Variance $ -13,520 Favorable Total Direct Materials Cost Variance -64,480 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 minus sign and an unfavorable variance as a positive number. Direct Labor Rate Variance $ 3,990 Unfavorable Direct Labor Time Variance 8.190 Unfavorable Total Direct Labor Cost Variance 12.180 Unfavorable c. Determine variable factory overhead controllable variance, the fixed factory overhead volume variance, and total factory overhead cost variance. En variance as a negative number using a minus sgn and an unfavorable variance as a positive number Variable factory overhead controllable variance Favorable Fixed factory overhead volume variance Unfavorable Total factory overhead cost variance Unfavorable Check My Work 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 257,400 lbs. at $5.20 254,800 lbs. at $5.00 Direct labor 19,500 hrs. at $18.20 19,950 hrs. at $18.40 Factory overhead Rates per direct labor hr., based on 100% of normal capacity of 20,350 direct labor hrs.: Variable cost, $4.80 Fixed cost, $7.60 Each unit requires 0.25 hour of direct labor. $92,660 variable cost $154,660 fixed cost 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 Material Price Variance $ -50,960 Favorable Direct Materials Quantity Variance $ -13,520 Favorable Total Direct Materials Cost Variance $ -64,480 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 3,990 Unfavorable Direct labor Time Variance $ 8,190 Unfavorable