fancy fixture company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 100 employees. Each employee presently provides 40 hours of labor per week. Information about a production week is as follows:

Standard wage per hour. $21.00

Standard labor time per faucet 20 min.

Standard number of lbs. of brass 5 lbs.

Standard price per lb. of brass $2.80

Actual price per lb. of brass $2.72

Actual lbs. of brass used during the week 59,875 lbs.

Number of faucets produced during the week 11,820

Actual wage per hour $21.40

Actual hours for the week 4,000 hours

Instructions:

Determine (a) the standard cost per unit for direct materials and direct labor; (b) the direct materials price variance, direct materials quantity variance, and total direct materials cost variance; and (c) the direct labor rate variance, direct labor time variance, and total direct labor cost variance.