Obj. 3, 4 PR 22-3A Direct materials, direct labor, and factory overhead cost variance analysis C. Controllable Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct variance, $(4,800) F materials, direct labor, and factory overhead incurred for the manufacture of 40,000 units of product were as follows: Actual Costs Standard Costs 120,000 lbs. at $3.20 per lb. 12,000 hrs. at $24.40 per Rates per direct labor hr, based on 100% of normal capacity of 15,000 direct 118,500 lbs. at $3.25 per lb. Direct materials Direct labor Factory overhead EXCEL TEMPLATE rhr 11,700 hrs. at $25.00 per hr labor hrs. $91,200 variable cost $150,000 fixed cost Variable cost, $8.00 Fixed cost, $10.00 Each unit requires 0.3 hour of direct labor