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 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 lbs. of zinc Standard price per lb. of zinc Actual price per lb. of zinc Actual lbs. of zinc used during the week Number of faucets produced during the week Actual wage per hour Actual hours per week $13.8 10 min 1.9 lbs. $12.5 $12.75 17,000 lbs 8,700 $14.2 1,280 hrs