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Direct Materials and Direct Labor Variance Analysis Shasta Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has

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Direct Materials and Direct Labor Variance Analysis Shasta Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 60 employees. Each employee presently provides 32 hours of labor per week. Information about a production week is as follows: Required: a. Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimal places. b. Determine the direct materiais 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. tequired: . Determine the standard cost per unit for direct matrials and direct labar. Round the cost per unit to two decimal places. 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 foverable variance as a negotive 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 varance. 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

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