Just Part C

Direct Materials and Direct Labor, Variance Analys s; factory Overhead Cost Variance Analyss Route 66 Tire Co. manufactures automobile tires. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 6,000 tires were as fallows Standard Costs Actual Costs Direct materials Direct labor Factory overhead Rates per direct labor hr 7,800 lbs. at $5.30 7,700 lbs. at $5.20 1,500 hrs. at $18.30 1,530 hrs. at $18.70 based on 100% of normal capacity of 1,560 direct labor hrs. Variable cost, $4.70 $6,980 variable cost Fixed cost, $7.40 $11,520 fixed cost Each tire requires 0.25 hours of direct labor. Required: a. Determine the price variance, quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount. Price variance Quantity variance Total direct materials coet variance b. Determine the rate variance, time variance, and total direct labor cost variance. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount. 770 Favorable 530 Favorable v 1,300 Favorable 612 Unfavorable 549 Unfavorable v Time variance Total direct labor cost variance . Detemine variable factory overhead controllable variance, the foxed factory overhead volume variance, and total factory overhead cost variance. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount. variable factory overhead controllable variance Fixed factory overhead volume variance Tatal factory overhead cost variance 1,161 Unfavorable S0141) Favorable Unfavorable