Jericho Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has $45$ employees. Each employee

presently provides $38$ hours of labor per week. Information about a production week is as follows:

Standard number of lbs$.$ of brass

Standard price per $lb.$ of brass

Standard wage per hr$.$

Standard labor time per faucet

Actual price per lb$.$ of brass

Actual lbs$.$ of brass used during the week

Number of faucets produced during the week

Actual wage per hr$.$

Actual hrs$.$ for the week $(45$ employees $38$ hours$)$

$0\mathrm{.}4lb.$

$$0\mathrm{.}80$

$$21\mathrm{.}00$

$15$min.

$$0\mathrm{.}90$

$4,500$ lbs$.$

$10,000$

$$22\mathrm{.}00$

$1,710$

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. 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

Unfavorable