Direct Materials and Direct Laboc Variance Analysis Jericho Fixture Company manufactures taucets in a small manufacturing facilty. The favcets are made frem brass. Manufacturing has 40 employees. Each ermbioyee presently provides 40 hours of labor per week. informabon about a production week is as follows: Requiredt a. Determine the standard cost ger unit for direct matenals and direct labor. Aound the cost per unit to two decimal places. b. Determine the direct materiais orice variance, direct materials quantity yaiance, and total direct materials cost vasiance. Aound your answers to the nearest whole dollar. Enter a fayorable variance as a negative number using a minus sign and an unfovorable variance as a positivn number? c. Determine the direct iabor rate varlance, dirsct labor time variance, and total direct iabor cost varisnce. Round your answers to the ntarest whole dollar. Enter favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Materials and Direct Laboc Variance Analysis Jericho Fixture Company manufactures taucets in a small manufacturing facilty. The favcets are made frem brass. Manufacturing has 40 employees. Each ermbioyee presently provides 40 hours of labor per week. informabon about a production week is as follows: Requiredt a. Determine the standard cost ger unit for direct matenals and direct labor. Aound the cost per unit to two decimal places. b. Determine the direct materiais orice variance, direct materials quantity yaiance, and total direct materials cost vasiance. Aound your answers to the nearest whole dollar. Enter a fayorable variance as a negative number using a minus sign and an unfovorable variance as a positivn number? c. Determine the direct iabor rate varlance, dirsct labor time variance, and total direct iabor cost varisnce. Round your answers to the ntarest whole dollar. Enter favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number