akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocalo-piugieeBookI Print ItemDirect Materials, Direct Labor, and Factory Overhead Cost Variance AnalysisMackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufactureof 70,000 units of product were as follows:Standard CostsActual Costs182,000 lbs. at $5.90180,200 Ibs. at $5.80Direct materialsDirect labor17,500 hrs. at $16.7017,900 hrs. at $17.10Factory overheadRates per direct labor hr.,based on 100% of normalcapacity of 18,260 directlabor hrs.:Variable cost, $3.80$65,840 variable costFixed cost, $6.00$109,560 fixed costEach unit requires 0.25 hour of direct labor.Required:a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negativenumber using a minus sign and an unfavorable variance as a positive number.Direct Materials Price VariaDirect Materials Quantity VarianceTotal Direct Materials Cost Varianceb. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using aminus sign and an unfavorable variance as a positive number.Direct Labor Rate VarianceDirect Labor Time VarianceCheck My WorkPreviousAll work saved.Email InstructorSave and ExitSubmit Assignment for GradingMacBook Pro80DIIDDF3F5F7F8F9F11F1223$&*34789.deleRYU{GJKCVM+...-V* COBT neBookI Print Itembased on 100% of normalcapacity of 18,260 directlabor hrs.:Variable cost, $3.80$65,840 variable costFixed cost, $6.00$109,560 fixed costEach unit requires 0.25 hour of direct labor.Required:a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negativenumber using a minus sign and an unfavorable variance as a positive number.Direct Materials Price VarianceDirect Materials Quantity VarianceTotal Direct Materials Cost Varianceb. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using aminus sign and an unfavorable variance as a positive number.Direct Labor Rate VarianceDirect Labor Time VarianceTotal Direct Labor Cost Variancec. Determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. Enter a favorablevariance as a negative number using a minus sign and an unfavorable variance as a positive number.Variable factory overhead controllable varianceFixed factory overhead volume varianceTotal factory overhead cost varianceCheck My WorkPreviousAll work saved.Email InstructorSave and ExitSubmit Assignment for GradingМacВook ProF3DIF5F6DDF7F8F9F10F11F1223$&347%3DdeERYDGH.JCVNM+ ||.. .-* 00B

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Description: akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocalo-piugieeBookI Print ItemDirect Materials, Direct Labor, and Factory Overhead Cost Variance AnalysisMackinaw Inc. processes a base chemical into plastic. Standard costs and actua