=+Variable cost, $2.20 $5,020 variable cost Fixed cost, $3.50 $7,000 fixed cost Each unit requires 0.1 hour of direct labor.

PR 23-3B Direct materials, direct labor, and factory overhead cost variance analysis objs. 3, 4

✔

c. Controllable variance, $150 F Determine

(a) the price variance, quantity variance, and total direct materials cost variance;

(b) the rate variance, time variance, and total direct labor cost variance; and

(c) variable factory overhead controllable variance, the fixed factory overhead volume variance, and total factory overhead cost variance.