Direct Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures units in a small manufacturing facility. The units are made from brass. Manufacturing has 60 employees. Each employee presently provides 35 hours of labor per week. Information about a production week is as follows: Standard wage per hour $12.6 Standard labor time per unit 20 min. Standard number of lbs. of brass 1.7 lbs. Standard price per lb. of brass $10.25 Actual price per lb. of brass $10.5 Actual lbs. of brass used during the week 15,234 Ibs. Number of units produced during the week 8,700 Actual wage per hour $12.98 2,100 hrs. Actual hours for the week (60 employees x 35 hours) Required: a. Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimal places. Direct materials standard cost per unit 17.43 Direct labor standard cost per unit 4.2 Total standard cost per unit 21.63 b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Materials Price Variance 3,808.5 Unfavorable Direct Materials Quantity Variance a. Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimal places. Direct materials standard cost per unit 17.43 Direct labor standard cost per unit $ 4.2 Total standard cost per unit $ 21.63 b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Materials Price Variance $ 3,808.5 Unfavorable Direct Materials Quantity Variance $ Total Direct Materials Cost Variance c. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Labor Rate Variance $ Direct Labor Time Variance $ Total Direct Labor Cost Variance