Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 74,000 units of product were as follows: Direct materials Direct labor Factory overhead Standard Costs 199,800 lbs. at $4.80 18,500 hrs. at $16.60 Rates per direct labor hr, based on 100% of normal Actual Costs 197,800 lbs. at $4.60 18,930 hrs. at $17.00 capacity of 19,310 direct labor hrs. Variable cost, $4.70 Fixed cost, $7.40 $86,080 variable cost $142,894 fixed cost 50 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. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Materials Price Variance Direct Materials Quantity Variance Total Direct Materials Cost Variance Determine the dienst Ishonarismes dient and stadionsbee.etarianon Enter from