Direct Materials and Direct Labor Variance Analysis Abbeville F xture Company manufactures aucots n a small manufacturing ac ty. The aucets are made rom brass. Manufac unng has 90 omployees Each emp yee present y pro des 36 hours o abor per week In ormation about a production week Standard wage per hr Standard labor time per faucet Standard number of lbs of brass Standard price per Ib. of brass Actual price per lb. of brass Actual lbs. of brass used during the weak Numbar of faucets producad during the woek Actual wage per hr Actusl hrs. for the week (90 employees x 36 hours) 3,240 hrs. Required: a. Determine the standard cost per unit for direct materials and direc: labor Round the cost per unit to two decimal places. Direct materials standerd cost per unit Direct labor standard cost per unit Total standard cost per unit b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Price variance Quantity variance Total direct materials cos: variance c. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Rate variance Time varience Total direct labor coat variance o ons: $15.00 40 min. 3 lbs, $2.40 $2.50 14,350 lbs 4,800 14.40 7.20 10 17.20 Favorable Unfavorable Favorable Unfavorable Favorable