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 30 employees. Each employee presently provides 35 hours of labor per week. Information about a production week is as follows:

Direct Matenials and Direct Labor Vaniance Analysis Abbeville Fixcture Company manufactures units in a small manufacturing facility. The units are made from brass. Manufacturing has 30 employees. Each employee presentdly provides 35 hours of labor per week. Information about a production week is as follows Standard wage per Standard labor time per unit Standard number of lbs. of brass Standard price per lb. of brass Actual price per lb. of brass Actual Ibs. of brass used during the week Number of units produced during the week Actual wage per hour Actuel hours for the week (30 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 Direct labor standerd cost per unit Total standard cost per unit b. Determine the direct materials price varianoe, direct materials quantity varianoe, 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 Matenials Price Variance 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 do ar. Enter a faveorable 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 hour $12.6 15 min .3 lbs. $12 $12.25 9,641 lbs. ,200 $12.98 1,050 hrs