Fri Nov 6 10:24:50 AM* CengageNOWv2 | Online teach xMen's Long Sleeve Box NSE Te XIrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=falseDSM ACC-2013-06-20...A Main - msstate.edu Banner - msstate....еBookCalculatorDirect 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 themanufacture of 78,000 units of product were as follows:Standard CostsActual CostsDirect materials195,000 lbs. at $5.00193,100 Ibs. at $4.80Direct labor19,500 hrs. at $18.0019,950 hrs. at $18.40Factory overhead.Rates per direct labor hr.,based on 100% of normalcapacity of 20,350 directlabor hrs.:Variable cost, $3.80$73,360 variable costFixed cost, $6.00$122,100 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 anegative number using a minus sign and an unfavorable variance as a positive number.Direct Materials Price VarianceDirect Materials Quantity VarianceTotal Direct Materials Cost Variance%24Check My Work 6 more Check My Work uses remaining.PreviousNext%24%24%24 BookmarksPeopleTabWindowHelp* A 39% IFri Nov 6 10:25:03 AM!!* CengageNOWv2 | Online teach X5 Men's Long Sleeve Box NSE Te X +1/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress3falseM ACC-2013-06-20...Main msstate.eduBanner - msstate....eBookCalculatorFixed cost, $6.00$122,100 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 anegative number 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 usinga minus sign and an unfavorable variance as a positve 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 afavorable variance 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 variancePreviousNextCheck My Work 6 more Check My Work uses remaining.%24%24%24%24%24%24%24%24%24

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Standard costing: Standard costing consists of the setting of the predetermined estimate of costs…