Instructions

The Unchained Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. The manufacturing division has $45$ employees, each working $38$ hours per week. Information about a production week is as follows:

Data Table

The standard number of lbs$.$ of brass $0\mathrm{.}4$ lb$.$

Standard price per lb$.$ of brass $$0\mathrm{.}80$

Standard wage per hour $$21\mathrm{.}00$

Standard labor time per faucet $15$ minutes

Actual price per lb$.$ of brass $$0\mathrm{.}90$

Actual lbs$.$ of brass used during the week $4,500$ lbs$.$

Number of faucets produced during the week $10,000$

Actual wage per hour $$22\mathrm{.}00$

Actual hours for the week $(45*38$ hrs$.)1,710$

Determine the below$-$listed variances. Your work must be readable and note the requirements you are addressing. Final answers should be easily found using good grammar, references, and double underlining$/$bolding$/$highlighting$.$ For all calculations, just showing numbers does not constitute showing your work. You need to give the formula in words and then show substitution. See the rubric for instructions on how to display your final answers.

$1.$ Standard cost per unit for direct materials

$2.$ Standard cost per unit for direct labor

$3.$ Direct Material price variance

$4.$ Direct Material quantity variance

$5.$ Direct Labor rate variance

$6.$ Direct Labor time variance