Direct Materials and Direct Labor Variance Analysis

Standard number of lbs$.$ of brass

Standard price per lb$.$ of brass

Standard wage per hr$.$

Standard labor time per faucet

Actual price per lb$.$ of brass

Actual lbs$.$ of brass used during the week

Number of faucets produced during the week

Actual wage per hr$.$

Actual hrs$.$ for the week $(45$ employees $38$ hours$)$

$0\mathrm{.}4lb.$

$$0\mathrm{.}80$

$$21\mathrm{.}00$

$15$min.

$$0\mathrm{.}90$

$4,500$ lbs$.$

$10,000$

$$22\mathrm{.}00$

$1,710$

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

$

Direct Materials Price Variance

Direct Materials Quantity Variance

Total Direct Materials Cost Variance

Direct Labor Rate Variance

Direct Labor Time Variance