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Direct Materiais and Direct Labor Variance Analysis Jericho Fixture Company manufactures faucets in a small manufacturing facilty, The faucets are made from brass. Manufscturing has

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Direct Materiais and Direct Labor Variance Analysis Jericho Fixture Company manufactures faucets in a small manufacturing facilty, The faucets are made from brass. Manufscturing has 30 employees. Each emplayee presently provides 40 hours of labor per week. Information about a production week is as follaws: 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 moterials price variance, direct materials quantity varlance, and total direct materials cost variance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfovorable variance as a positive number

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