Direct Materials and Direct Labor Variance Analysis Jencho Fixture Company manufactures foucets in a small manufacturing focith. The foucets are made from brass, Manufscturing has 40 emplayeen. Each employee presently provides 40 hours of labor per woek. Information about a production week is as follows: b. Determine the direct materials price variance, direct materials quantity vorionce, and total direct materials cost variance. Round your answers to the nearest whole doliar. Enter a fovorable variance as a negative number using a minus sign and an unfavorabie variance as a posilye number. c. Determine the drect labor ratn variance, direct labor time variance, and total direct labor cost variance. Round your answers to the nearest whole dollar. Finter a favorable varlance as a negative number using a minus sign and an unfovorable variance as a positive number. Direct Materials and Direct Labor Variance Analysis Jericho Faxture Company manufactures foocets in a smali manufactunng focilty. The faveets are made from brass, Manufacturing has 40 emoloyees, Each employee presently provides 40 hours of labor per week. lnformation about a production week is as follews: a. Determine the atandard cout per unit for direct materials and drect labor hound the cost per unit to two decimat places. b. Determine the direct materials price varanci, direct materials guantyy variance, and total diect makenals cost vanance. Round your answers to the nearest Whole doliar, Enter a fovorabin variance as a negotive number waing a mimus sign and an unfoverable varianne as a posibve numbec. c. Debermine the direct fabor rate variance, direct labor time varlance, 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