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Direct Materials and Direct Labor Variance Analysis Abbeville Company manufactures foucets in a small manufacturing facilty. The faucets are made from brass. Manufacturing has 40
Direct Materials and Direct Labor Variance Analysis Abbeville Company manufactures foucets in a small manufacturing facilty. The faucets are made from brass. Manufacturing has 40 emplovees. Each employee presently provides 35 hours of labor per week, Information about a production weck is as followst Required a. Determine the standard cost per unit for direct materials and direct taboc, Do not round your intermediate calculations and round the cost per unit to two decima places. 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 uaing a minus sign and an unfavorable variance as a ponitive numbe C. Deternine the derect labor rate variance, direct labor tiene variance, and total direct liber cont variance. Do not roumd your intermediate calculations and round your final answers to the nearest dollar. Enter a favorable variance an a negative mumber using a mimat sign and an unfavorable variance as a postive numbec T Gied Mr wos Hhtavoratle veriances can be thought of as increasing cocts (a debeli. Farorable vanarces can te thought of as decreasing bocts ga creath
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