Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Standard Costs Direct materials 251,600lbs. at $5.80 per lb. Direct labor 18,500 hrs. at $17.50 per hr. Rates per direct labor hr., based on 100% of normal Factory overhead capacity of 19,310 direct labor hrs.: Variable cost, $3.00 $54,950 variable cost Fixed cost, $4.70 Actual Costs 249,100lbs. at $5.70 per lb. 18,930hrs. at $17.80 per hr. $90,757 fixed cost Each unit requires 0.25 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 Unfavorable Unfavorable Variable factory overhead controllable variance Fixed factory overhead volume variance Total factory overhead cost variance Favorable Unfavorable Unfavorable