eBook Show Me How Direct Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures units in a small manufacturing facility. The units 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 $15.6 Standard labor time per unit 20 min Standard number of ibs, of brass 2 lbs Standard price per ib. of brass $10.5 Actual price per Ib. of brass $10.75 18,540 Actual lbs. of brass used during the week Ibs Number of units produced during the week 9,000 Actual wage per hour $16.07 Actual hours for the week (70 employees x 36 2,520 hrs hours) Required: a. Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimat 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 the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Direct Materials Price Variance Unfavorable Direct Materials Quantity Warlance Unfavorable Check My Work Previous Next > TO 2.520 hrs hours) 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 the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Direct Materials Price Variance Unfavorable . Direct Materials Quantity Variance Unfavorable Total Direct Materials Cost Variance Unfavorable c. Determine the direct loborrate variance, direct inbor 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 as a positive number Direct Labor Rate Variance Unfavorable Direct Labor Time Variance Favorable Total Direct Labor Cost Variance Favorable