| Direct materials | 196,000 lbs. at $4.90 | 194,000 lbs. at $4.70 |
| Direct labor | 17,500 hrs. at $16.30 | 17,900 hrs. at $16.60 |
| Factory overhead | Rates per direct labor hr., | |
| based on 100% of normal | |
| capacity of 18,260 direct | |
| labor hrs.: | |
| | Variable cost, $3.20 | $55,440 variable cost |
| | Fixed cost, $5.10 | $93,126 fixed cost |
Each unit requires 0.25 hour of direct labor.
Required:
a. Determine the direct materials pricevariance, direct materials quantity variance, and total directmaterials cost variance. Enter a favorable variance as a negativenumber using a minus sign and an unfavorable variance as a positivenumber.
| Direct Materials Price Variance | $fill in the blank 1 | |
| Direct Materials Quantity Variance | $fill in the blank 3 | |
| Total Direct Materials Cost Variance | $fill in the blank 5 | |
b. 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 a minus signand an unfavorable variance as a positive number.
| Direct Labor Rate Variance | $fill in the blank 7 | |
| Direct Labor Time Variance | $fill in the blank 9 | |
| Total Direct Labor Cost Variance | $fill in the blank 11 | |
c. Determine the variable factory overheadcontrollable variance, fixed factory overhead volume variance, andtotal factory overhead cost variance. Enter a favorable variance asa negative number using a minus sign and an unfavorable variance asa positive number.
| Variable factory overhead controllable variance | $fill in the blank 13 | |
| Fixed factory overhead volume variance | $fill in the blank 15 | |
| Total factory overhead cost variance | $fill in the blank 17 | |
