12 min 51.25 51.40 $18.75 2,160 Direct Materials and Direct Labor Variance Analysis Faucet Industries Inc. manufactures faucets in a small manufacturing facility. The faucets are made from zinc. Faucet Industries has 60 employees. Each employee presently provides 36 hours of labor per week. Information about a production week is as follows: Standard wage per hour $15.00 Standard labor time per faucet Standard number of ibs, of zinc 0.80 Standard price per b. of zine Actual price per lib. Of zinc Actual is, of zinc used during the week 10,200 lbs. Number of faucets produced during the week 12,000 Actual wage per hour Actual hours per week Required: a. Determine the standard cost per unit for direct materials and direct labor. Round your answers to the nearest cent. Direct materials standard cost per faucet Direct labor standard cost per faucet Total cost per fort b. Determine the price variance, quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount. Price variance Quantity variance Total direct materials cost variance c. Determine the rate variance, time variance, and total direct labor cost variance. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount. Rate variance Time variance Total direct labor cost variance Direct Materiais Purchases Budget Your Ple Inc. has determined from its production budget the following estimated production volumes for 12" and 18" frozen pizzas for September: Units 12* Plaza 16" Plaza Budgeted production volume 14,300 26,400 There are three direct materials used in producing the two types of pizza. The quantities of direct materials expected to be used for each pizza are as follows: 12- Plana 16" Pizza Direct materials: Dough 0.60 IB. per unit 1.00 lb. per unit Tomato 0.30 0.45 Cheese 0.50 0.80 In addition, Zippy's has determined the following information about each material: Dough Tomato Cheese 570 lbs. Estimated Inventory, September 1 Destred Inventory, September 30 Price per pound 240 lbs. 230 lbs $2.40 360 lbs 390 lbs 600 lbs $1.40 $3.10 Prepare September's direct materials purchases budget for Your Platne. YOUR PIE INC Direct Materials Purchases Budget For the Month Ending September 30 Direct Materials: Dough Tomato Cheese Units required for production: 12" "pizza 343 16" pizza Total 72 Total Total units to be purchased Unit price Total direct materials to be purchased a