Direct Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 50 employees. Each employee presently provides 32 hours of labor per week. Information about a production week is as follows Standard wage per hour Standard labor time per faucet Standard number of Ibs. of brass Standard price per lb. of brass Actual price per lb. of brass Actual lbs. of brass used during the week Number of faucets produced during the week Actual wage per hour Actual hours per week (50 employees 32 hours) 1,600 hrs Required: a. Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimal places $16.2 20 min 1.9 Ibs $9.25 $9.5 17,613 lbs 9,000 $16.69 17.58 Direct materials standard cost per faucet Direct labor standard cost per faucet Total standard cost per faucet 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 Price variance 22.98 X Unfavorable Unfavorable Unfavorable 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. Unfavorable Favorable Favorable Rate variance Time variance Total direct labor cost variance