a.Direct Materials Price VarianceWrongDirect Materials Quantity VarianceWrongTotal Direct Materials Cost VarianceWrongb.Direct Labor Rate VarianceWrongDirect Labor (Time) Efficiency VarianceWrongTotal Direct Labor Cost VarianceWrongC.Fixed Factory Overhead Volume VarianceStandard for amount producedNormal Capacity at 100%Capacity not usedStandard Fixed FOH cost rateFactory Overhead Volume VarianceWrongVariable Factory Overhead Controllable VarianceStandard Variable FOH Cost for 3,000 hoursActual Variable FOH CostFactory Overhead Controllable VarianceWrongTotal Factory Overhead Cost VarianceWrong Adamantane Inc. processes a base chemical into plastic. Standard costs and actual costsfor direct materials, direct labor, and factory overhead incurred for the manufacture of15,000 units of product were as follows:Standard CostsActual CostsDirect materials5,000 lbs. at $50.004,950 lbs. at $50.60Direct labor3,000 hrs. at $25.002,945 hrs. at $25.60Factory overheadRates per direct labor hr.,based on 100% of normalcapacity of 3,200 directlabor hrs.:Variable cost, $5.50$16,680 variable costFixed cost, $4.00$12,800 fixed costEach unit requires 0.2 hour of direct labor.InstructionsDetermine (a) the direct materials price variance, direct materials quantity variance, andtotal direct materials cost variance; (b) the direct labor rate variance, direct labor time vari-ance, and total direct labor cost variance; and (c) the variable factory overhead controllablevariance, fixed factory overhead volume variance, and total factory overhead cost variance.

Name: a.Direct Materials Price VarianceWrongDirect Materials Quantity Varia
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: a.Direct Materials Price VarianceWrongDirect Materials Quantity VarianceWrongTotal Direct Materials Cost VarianceWrongb.Direct Labor Rate VarianceWrongDirect Labor (Time) Efficiency VarianceWrongTotal Direct Labor Cost VarianceWrongC.Fixed Factory O