20 min. Direct Materials and Direct Labor Variance Analysis Shasta Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 40 employees Each employee presently provides 36 hours of labor per week. Information about a production week is as follows: Standard wage per hour $17.40 Standard labor time per unit Standard number of lbs. of brass 1.9 lbs, Standard price per tb. of brass Actual price per ib. of brass $11.25 Actuallbs. of brass used during the week 17,026 lbs. Number of units produced during the week 8,700 Actual wage per hour $17.92 Actual hours for the week (40 employees x 36 hours) 1,440 $11.00 c. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Direct Labor Rate Variance 749 Unfavorable Direct Labor Time Variance 25,404 X Favorable Total Direct Labor Cost Variance 26,153 X Favorable