1. Drect Materials, Direct Lebor, and Factory Overhead Cost Variance Analysis Eastern Polymers, Inc., processes a direct labor, and base ch emical into plastic. Standerd costs and actual costs for diredt factory overhead incurred for the manufacture of 6,800 units of product were es follows: Standard Costs Actual Costs Direct materials 8,800 lbs. at $5.2 Direct labor 1,700 hrs. at $16.9 Factory overhead Rates per direct labor hr. 8,700 lbs. at $5.1 1,740 hrs. at $17.3 based on 100% of normal capacity of 1,770 direct labor hrs.: Variable cost, $2.8$4,710 variable cost Fixed cost, $4.4 $7,788 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-Ener a favorable variance as a negative number using a minus sign and an unfavorable variance as a positivie fa numbar. Price variance C-1,300 6- 1,390f C. 1,400u . 520f _ 520u b 880u . 920f 610u Quantity variance C. 700u Total direct materials cost variapce 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. Rate variance Time variance Total direct labor cost variance 870f 1,200F 1,450u 1,200u 6- 1,300f a. 55oF 676u b- 620u C 676 b 790f C- 820u 900f 1,422f 696u c. Determine variable factory overhead controllable variance, the fxed 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 vanance Fixed factory overhead volume variance a 50F a 200f 250f b. 150u Total factory overhead cost variance d. 258u