Eastern Polymers, 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 6,400 units of product were as follows:

	Standard Costs		Actual Costs
Direct materials	8,300 lbs. at $5.70		8,200 lbs. at $5.50
Direct labor	1,600 hrs. at $17.90		1,640 hrs. at $18.20
Factory overhead	Rates per direct labor hr.,
	based on 100% of normal
	capacity of 1,670 direct
	labor hrs.:
		Variable cost, $2.90	$4,590 variable cost
		Fixed cost, $4.60	$7,682 fixed cost

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.

Price variance	$	Select Favorable Unfavorable
Quantity variance	$	Select Favorable Unfavorable
Total direct materials cost variance	$	Select Favorable Unfavorable

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.

Rate variance	$	Select Favorable Unfavorable
Time variance	$	Select Favorable Unfavorable
Total direct labor cost variance	$	Select Favorable Unfavorable

c. Determine variable factory overhead controllable variance, the 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	$	Select Favorable Unfavorable
Fixed factory overhead volume variance	$	Select Favorable Unfavorable
Total factory overhead cost variance	$	Select Favorable Unfavorable