Chapter 23 PR 23-3B nce Evaluation using variances from Standard Costs analysis Direct materials, direct labor, and factory overhead cost variance osu 3, 4 Road Gripper Tire Co. manufactures automobile tires. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 4,160 Standard Costs Direct materials Actual Costs 100,000 lbs at $640 Direct labor 101,000 lbs. at S650 2.080 hrs at $15.75 Factory overhead 2.000 hrs. at $15A0 Rates per direct labor hr. based on 100% of normal capacity of 2,000 direct labor hrs: Variable cost, $400 $8,200 variable cost Fixed cost $6.00 $12,000 fixed cost Each tire requires 0.5 hour of direct labor. Instructions Determine (a) the direct materials price direct materials quantity variance, and total direct materials cost variance; (b) the direct labor rate direct labor ance, and total direct labor cost variance; and the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. PR 23-4B Factory overhead cost report OBJ. 4 Feeling Better Medical Inc., a manufacturer of disposable medical supplies, prepared the following factory overhead cost budget for the Assembly Department for October of at 100% of normal the year. The expect to capacity of 30,000 hours. $247,500 Variable costs Indirect factory wages 52,500 Power and light $489,000 Indirect materials Total variable cost $126,000 Fixed costs: any salaries