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 40 employees. Each employee presently provides 40 hours of labor per week. Information about a production week is as follows:

Standard wage per hour	$15.00
Standard labor time per unit	15 min.
Standard number of lbs. of brass	1.9 lbs.
Standard price per lb. of brass	$10.50
Actual price per lb. of brass	$10.75
Actual lbs. of brass used during the week	17,026 lbs.
Number of units produced during the week	8,700
Actual wage per hour	$15.45
Actual hours for the week (40 employees 40 hours)	1,600

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.