Adamantane Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred

for the manufactureof 15,000 units of product were as follows:

Each unit requires 0.2 hour of direct labor.
Instructions
(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 cost variance.

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Standard Costs 5,000 lbs. at $50.00 ,000 hrs. at $25.00 Rates per direct labor hr, based on 1 00% of normal capacity of 3,200 direct labor hrs Direct materials Direct labor Factory overhead Actual Costs 4,950 lbs. at $50.60 2,945 hrs. at $25.60 Variable cost, $5.50 Fixed cost, $4.00 16,680 variable cost $12,800 fixed cost