Direct Materials and Direct Labor Variance Analysis Standard number of lbs. of brass Standard price per lb. of brass Standard wage per hour Standard labor time per unit Actual price per lb. of brass Actual lbs. of brass used during the week Number of units produced during the week Actual wage per hour Actual hours for the week ( 50 employees 35 hours) Required: 1.3 lbs. $10.00 $11.40 20min. $10.25 8,034 lbs. 6,000 $11.74 1,750 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 number. Direct Materials Price Variance Direct Materials Quantity Variance Total Direct Materials Cost Variance Unfavorable Unfavorable Unfavorable > Direct Labor Rate Variance Direct Labor Time Variance Total Direct Labor Cost Variance $ $ $ Unfavorable Favorable Favorable