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 30 employees. Each employee presently provides 36 hours of labor per week. Information about a production week is as follows: Standard wage per hour $13.20 Standard labor time per unit 20 min Standard number of lbs. of brass 1.6 lbs. Standard price per 1b. of brass $11.75 Actual price per lb. of brass $12.00 Actual lbs. of brass used during the week 12,360 lbs Number of units produced during the week 7.500 Actual wage per hour $13.60 Actual hours for the week (30 employees x 36 hours) 1,080 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 18.80 Direct labor standard cost per unit 4.40 Total standard cost per unit 23.207 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 unfavorabile variance os e positive number Direct Materials Price Variance 3,090 Unfavorable Direct Materials Quantity Variance 4,230 Unfavorable Total Direct Materials Cost Variance 7,320 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 at a positive number Direct Labor Rate Variance 432 Unfavorable Direct Labor Time Varance 18,744 X Favorable Total Direct Labor Cost Variance 15,312 X Favorable