32 11,8 Direct Materials Direct Labor Factory overhead Variable Cost Fixed Cost Standard Costs Actual Costs 1.500 lbs @ 35 1.600 lbs @ 4.800 hrs @ 11 4.500 hrs @ 5.500 labor hours (normal capacity) 2,4 12.300 3,5 19.250 1. Determine the quantity variance, price variance, and total direct materials cost variance for the folk art style baskets. 2. Determine the time variance, rate variance, and total direct labor cost variance for the folk art style baskets. 3. Determine the controllable variance, volume variance, and total factory overhead cost variance for the folk art style baskets