Direct Materials and Direct Labor Variance Analysis

Abbeville Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has $40$ employees. Each employee presently provides $32$ hours of labor per week. Information about a production week is as follows:

Standard wage per hr$.$ $$10\mathrm{.}80$

Standard labor time per faucet $10$ min.

Standard number of lb$.$ of brass $1\mathrm{.}30$ lb$.$

Standard price per lb$.$ of brass $$9\mathrm{.}75$

Actual price per lb$.$ of brass $$10\mathrm{.}00$

Actual lb$.$ of brass used during the week $11,600$ lb$.$

Number of faucets produced during the week $8,700$

Actual wage per hr$.$ $$11\mathrm{.}10$

Actual hrs$.$ per week $1,280$ hrs$.$

Required:

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