Direct Materials and Direct Labor Variance Analysis Jericho Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 40 employees. Each employee presently provides 32 hours of labor per week. Information about a production week is as follows: Standard number of lbs. of brass Standard price per lb. of brass Standard wage per hour Standard labor time per unit Actual price per lb. of brass 1.4 lbs. $10.75 $11.40 20 min. $11.00 Actual lbs. of brass used during the week 9,517 lbs. Number of units produced during the week 6,600 Actual wage per hour Actual hours for the week (40 employees x 32 hours) $11.74 1,280 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 standard cost per unit Total standard cost per unit 15.05 228 x 243.05 X