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.

Total Direct Labor Cost Variance

c$.$ Determine the variable factory overhead controllable variance, fixed 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.

$\backslash$table$[[$Variable factory overhead controllable variance,$$,$

Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis

$\backslash$table$[[,$Standard Costs,Actual Costs$],[$Direct materials,$240,000$ lbs$.$ at $$6\mathrm{.}40$ per lb$.,237,000$ lbs$.$ at $$6\mathrm{.}50$ per lb$.],[$Direct labor,$12,000$ hrs$.$ at $$24\mathrm{.}20$ per hr$.,11,500$ hrs$.$ at $$25\mathrm{.}00$ per hr$],[,$Rates per direct labor hr$.,$ based on $100\%$ of normal,$],[$Factory overhead,capacity of $15,000$ direct labor hrs$.$:$,$$$32,400$ variable cost$],[,$Variable cost, $$2\mathrm{.}50,$$$75,000$ fixed cost$],[$Each unit requires $0\mathrm{.}3$ hour of direct labor.,,$]]$

Required: Direct Materials Price Variance

Direct Materials Quantity Variance

Total Direct Materials Cost Variance Direct Labor Rate Variance

Direct Labor Time Variance

Total Direct Labor Cost Variance

Unfavorable $$

Favorable $$

Favorable $$

as a positive number.

Variable factory overhead controllable variance

Fixed factory overhead volume variance

Total factory overhead cost variance

$\backslash$table$[[$$$,$x$,$Unfavorable$],[$$$,,$Unfavorable$],[$$$,,$Unfavorable$]]$