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

$\backslash$table$[[,$Standard Costs,Actual Costs$],[$Direct materials,$214,600$ lbs$.$ at $$5\mathrm{.}40$ per lb$.,212,500$ lbs$.$ at $$5\mathrm{.}30$ per lb$.],[$Direct labor,$18,500$ hrs$.$ at $$17\mathrm{.}40$ per hr$.,18,930$ hrs$.$ at $$17\mathrm{.}70$ per hr$.],[,$Rates per direct labor hr$.,$ based on $100\%$ of normal,$],[$Factory overhead,capacity of $19,310$ direct labor hrs$.$:$,$$$67,770$ variable cost$],[,$Variable cost, $$3\mathrm{.}70,$$$111,998$ fixed cost$]]$

Each unit requires $0\mathrm{.}25$ hour of direct labor.

Required:

Direct Materials Price Variance $,$$

Direct Materials Quantity Variance s

Total Direct Materials Cost Variance $

Direct Labor Rate Variance $$

Direct Labor Time Variance

Total Direct Labor Cost Variance a positive number.

Variable factory overhead controllable variance

Fixed factory overhead volume variance

Total factory overhead cost variance

$

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