Direct Materials and Direct Labor Variance Analysis Best Faucet Company manufactures faucets in a small manufacturing facility. The faucets are made from zinc, Manufacturing has 40 employees. Each employee presently provides 40 hours of labor per week. Information about a production week is as follows: Standard wage per hour $15.60 Standard labor time per faucet 10 min Standard number of lbs. of zinc 1.9 lbs. Standard price per lb. of zinc $10.25 $10.50 Actual price per lb, of zinc Actual lbs, of zinc used during the week 16400 lbs. Number of faucets produced during the week 8,400 age per hour $16.10 1,600 hrs. Actual hours per week