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could i get some help with this questions Direct Materials and Direct Labor Variance Analysis Shasta Foxture Company manufactures faucets in a small manufacturing facility.
could i get some help with this questions
Direct Materials and Direct Labor Variance Analysis Shasta Foxture Company manufactures faucets in a small manufacturing facility. The facts are made from brass Manufacturing has 30 employees. Each employee presently provides 36 hours of labor per week. Information about a production week is as follows: Standard wage per hour $10.80 Standard labor time per unit 15 min. Standard number of lbs. of brass 1.3 lbs. Standard price per lb. of brass $12.25 Actual price per it. of brass $12.50 Actual lbs. of brass used during the week 10,043 lbs Number of units produced during the week 7,500 Actual wage per hour $11.12 Actual hours for the week (30 employees * 36 hours) 1,050 Required: a. Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimal places. Direct materials standard cost per unit Direct labor standard cost per unit Total standard cost per unit b. Determine the direct materials price varsance, direct materials quantity vartance, and total direct materials cost vanance. 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 Materials Price Variance Unfavorable Direct Materials Quantity Variance Unfavorable Total Direct Materials Cost Variance Unfavorable c. Determine the direct labor mate variance, direct labor time variance, and total direct labor cost variance. Round your answers to the nearest whole dollar. Entero favorable variance as a negative number using a munus sign and an unfavorable variance as a poctive number Direct Labor Rate Variance Unfavorable Direct Labor Time Variance Favorable Total Direct Labor Cost Variance Favorable Step by Step Solution
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