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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

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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 40 hours of labor per week. Information about a production week is as follows Standard wage perhe $14.40 Standard labor time per faucet 20 min Standard number of lb of brass 1.50 lb Standard price per Ib. of brass $13.00 Actual price per ib. of brass $13.25 Actual 1. of brass used during the week 13,900 1 Number of faucets produced during the week 9,000 Actual wage perhe $14.80 Actual hrs. per week 1,600 hrs. Required: a. Determine the standard cost per faucet for direct materials and direct boc Round the cost per unit to two decimal places Direct materials standard cost per unit Direct labor standard cost per unit Total standard cost per unit b. Determine the direct materials price variance, direct materiais quantity variance, and total direct materials Cost Enter a favorable variance as a negative number using a mission and an unfavorable variance as a positive number Direct materials price variance Direct materiais quantity variance Total direct materials cost variance c. Determine the direct laborate variance, direct labor time variance, and total direct labor costvarno Enter a favorable variance as a negative number nga mission and an unfavorable varianta positive number Direct laborate variance Direct labor time vartance Total direct labor cost variance

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