Best Faucet Company manufactures faucets in a small manufacturing facility. The faucets are made from zinc. Manufacturing has 60 employees. Each employee presently provides 40 hours of labor per week. Information about a production week is as follows:

Standard wage per hour	$17.40
Standard labor time per faucet	10 min.
Standard number of lbs. of zinc	2.2 lbs.
Standard price per lb. of zinc	$10.50
Actual price per lb. of zinc	$10.75
Actual lbs. of zinc used during the week	16,300 lbs.
Number of faucets produced during the week	7,200
Actual wage per hour	$17.90
Actual hours per week	2,400 hrs.

Required:

a. Determine the standard cost per faucet for direct materials and direct labor. Round the cost per unit to two decimal places.

Direct materials standard cost per faucet	$
Direct labor standard cost per faucet	$
Total standard cost per faucet	$

b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Price variance	$	Select Favorable Unfavorable Item 5
Quantity variance	$	Select Favorable Unfavorable Item 7
Total direct materials cost variance	$	Select Favorable Unfavorable Item 9

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 unfavorable variance as a positive number.

Rate variance	$	Select Favorable Unfavorable Item 11
Time variance	$	Select Favorable Unfavorable Item 13
Total direct labor cost variance	$	Select Favorable Unfavorable Item 15