factory overhead volume variance $fill in the blank 69 indicate if favorable or unfavorable unfavorable 14. the production volume of fill in the blank 71 cases was planned at the beginning of august. the variances compare the actual cost and the standard cost of for the month. thus, the standard cost must be based on the fill in the blank 73 units of actual production. feedback area feedback 10. direct materials price variance is the difference between the actual and standard prices, multiplied by the actual quantity. direct materials quantity variance is the difference between the actual and standard quantities, multiplied by the standard price. what caused the price and quantity variances?