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 70 employees. Each employee presently provides 36 hours of labor per week. Information about a production week is as follows: Standard wage per hour Standard labor time per unit $15.60 20 min. Standard number of lbs. of brass Standard price per lb. of brass Actual price per lb. of brass 1.8 lbs. $10.50 $10.75 Actual lbs. of brass used during the week 15,574 lbs. Number of units produced during the week 8,400 Actual wage per hour $16.07 Actual hours for the week (70 employees x 36 hours) 2,520 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 b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Round your answers to fanrahle variance as a positive number