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Direct Materials and Direct Labor Variance Analysis Shasta Fixture Company manufactures foucets 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 foucets in a small manufacturing facility. The faucets are made from brass Manufacturing has 10 employees. Each employee presently provides 35 hours of labor per week. Information about a production week is as follows: Standard wage per hour Standard labor time per unit $10.80 10 min 1.8 lbs $11.25 $11.50 16,1300, Standard number of ibs, of brass Standard price per lb of brass Actual price per ib. of brass Actuallbs. of brass used during the week Number of units produced during the week Actual wage per hour Actual hours for the week (40 employees * 35 hours) Required: 8,700 $11.12 1,400 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 b. Determine the direct materials pro variano, direct materials quantity and total direct materials on Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variances positive number Direct materials standard cost per unit ali dilect labor. Round the cost per unit to two decimal places Direct labor standard cost per unit Total standard cost per unit 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 Direct Materials Price Variance Unfavorable Direct Materials Quantity Variance Unfavorable Total Direct Materials Cost Variance Unfavorable 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 number Unfavorable Direct Labor Rate Variance Favorable Direct Labor Time Variance Favorable Total Direct Labor Cost Variance

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