Question: Direct Materials Price Variance $ - 2 4 , 7 1 0 Favorable Direct Materials Quantity Variance Favorable * Total Direct Materials Cost Variance Favorable

Direct Materials Price Variance
$-24,710
Favorable
Direct Materials Quantity Variance Favorable *
Total Direct Materials Cost Variance Favorable
b. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
\table[[Direct Labor Rate Variance,$,,Unfavorable],[Direct Labor Time Variance,$,,Unfavorable],[Total Direct Labor Cost Variance,$,,]]
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.
Variable factory overhead controllable variance
Fixed factory overhead volume variance
Total factory overhead cost variance
$
$
$
Direct Materials Price Variance $ - 2 4 , 7 1 0

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