Direct materials and direct labor variance analysis OBJ. 2, 3 Lenni Clothing Co. manufactures clothing in a small manufacturing facility. Manufacturing has 25 employees. Each employee presently provides 40 hours of productive labor per week. Information about a production week is as follows:

Standard wage per hr. $12.00 Standard labor time per unit 12 min.

Standard number of yds. of fabric per unit 5.0 yds.

Standard price per yd. of fabric $5.00 Actual price per yd. of fabric $5.10 Actual yds. of fabric used during the week 26,200 yds.

Number of units produced during the week 5,220 Actual wage per hr. $11.80 Actual hrs. for the week 1,000 hrs.

Instructions Determine

(a) the standard cost per unit for direct materials and direct labor;

(b) the price variance, quantity variance, and total direct materials cost variance; and

(c) the rate variance, time variance, and total direct labor cost variance.