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 40 employees. Each employee presently provides 36 hours of labor per week. Information about a production week is as follows: Standard wage per hour Standard labor time per unit Standard number of lbs. of brass Standard price per lb. of brass Actual price per lb. of brass $10.8 20 min 1.6 lbs $10.25 $10.5 12,854 lbs 7,800 $11.12 Actual lbs. of brass used during the week Number of units produced during the week Actual wage per hour Actual hours for the week (40 employees x 36 hours) 1,440 hrs