Direct Materials and Direct Labor Variance Analysis Abbevilie Company manufactures faucets in a small manufacturing facility. The faucets are made from brass, Manufacturing has 70 employees. Each employee presently provides 40 hours of labor per week. Intormation about a production week is as follows: b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Do not round your intermediate calculations and round your final answers to the nearest dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. c. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Do not round your intermediate calculations and round your final answers to the nearest dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number