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17 Jericho Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 45 employees. Each employee presently provides
17 Jericho Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 45 employees. Each employee presently provides 38 hours of labor per week. Information about a production week is as follows: Required: a. Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimal places. Actual hrs, for the week ( 45 employees 38 hours) 1,710 Required: a. Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimal places. b. Determine the direct materials price vanance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable vasiance as a negative number using a minus sign and an unfavorable variance as a positive number. c. 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 sign and an untavorable variance as a positive number
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