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 Ibs. of brass 0.4 Ib. Standard price per Ib. of brass $0.80 Standard wage per hr. $21.00 Standard labor time per faucet 15 min. Actual price per Ib. of brass $0.90 Actual |bs. of brass used during the week 4,500 Ibs. Number of faucets produced during the week 10,000 Actual wage per hr. $22.00 Actual hrs. for the week (45 employees x 38 hours) 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 $ Total standard cost per unit $E 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 v Direct Materials Quantity Variance G Unfavorable v Total Direct Materials Cost Variance $[: Unfavorable c. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using @ minus sign and an unfavorable variance as a positive number. Direct labor standard cost per unit A Direct Labor Rate Variance Unfavorable v Direct Labor Time Variance $[:] [Favorable v Total Direct Labor Cost Variance [Favorable ( Previous Next )