Direct Materials and Direct Labor Variance Analysis Jericho Fixture Company manufactures faucets in a small manufacturing faclity. 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: a. Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimal places. c [ 7 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: 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