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Faucet Industries manufactures faucets in a small facility. The faucets are made from zinc. Information about production as follows: 0.80 lb. $1.25 Standard number of

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Faucet Industries manufactures faucets in a small facility. The faucets are made from zinc. Information about production as follows: 0.80 lb. $1.25 Standard number of lbs. of zinc Standard price per lb. of zinc Actual price per lb. of zinc Actual lbs. of zinc used during the week Number of faucets produced during the week $1.40 10,200 lbs. 12,000 Determine: a. Standard cost per unit for direct materials b. Price variance c. Quantity variance d. Total direct materials cost variance

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