I/ c. Direct labor rate variance, $1,710 U 9 SHOW ME HOI'II PR 23-1A Direct materials and direct labor variance analysis Obi. 2, 3 Jericho Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 45 employees. Each empioyee presently provides 38 hours of labor per week. Information about a production week is as follows: Standard number of Ibs.of brass 0.4 lb. Standard price per lb. of brass $0.80 Standard wage per hr. $21.00 Standard labor time per faucet 15 min. Actual price per lb. of brass $0.90 Actual lbs. of brass used during the week 4,500 lbs. Number of faucets produced during the week 10,000 Actual wage per hr. $22.00 Actual hrs. forthe week (45 employees x 38 hours} 1.?10 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