Sticky Polymers 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 10,750 units of product were as follows:

Each unit requires 0.4 hour of direct labor. Instructions Determine
(a) The direct materials price variance, direct materials quantity variance, and total direct materials cost variance;
(b) The direct labor rate variance, direct labor time variance, and total direct labor cost variance;
(c) The variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead costvariance.

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Standard Costs Direct materials Direct labor Factory overhead Actual Costs 3,500 lbs, at $1250 4,200 hrs. at $20.40 3,700 lbs. at $12.00 4300 hrs at $20.00 Rates per direct labor hr based on 100% of normal capacity of 4,500 direct labor hrs. Variable cost, $4.00 Rxed cost, $3.00 $16,800 variable cost $13,500 fixed cost 5