Another Standard Costing Practice Problem Tony's Shower Company makes customized aluminum faucets that sing in the shower. The company has developed the following standard costs per unit Standard Cost per Unit Direct Materials: Direct Labor: 1.5 lbs. of aluminum @ $2.00 2 hours @ $12 per hour $3.00 $24.00 During the month of March Tony reported the following 100 Ibs. of Direct Materials were purchased for $250 in total. At the end of the month 5 Ibs. of Direct Materials were left. It was planned that 70 shower heads would be produced, but only 60 were actually made. Tony's employees worked 110 hours and were paid a total of $1,375. Compute Tony's: MPV, MQV, LRV and LEV MPV: (AP - SP) AQ Purchased MQV: (AQ used SQ) SP LRV: (AR-SR) AH LEV: (AH- SH) SR 80