labor per week. Information about a production week is as follows:

Standard wage per hr$.$

Standard labor time per faucet

Standard number of lbs$.$ of brass

Standard price per lb$.$ of brass

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 $(90$ employees $36$ hours$)3,240$ hrs$.$

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

$$15\mathrm{.}00$

$40$min.

$3$ lbs$.$

$$2\mathrm{.}40$

$$2\mathrm{.}50$

$14,350$ lbs$.$

$4,800$

$$14\mathrm{.}40$

$3,240$ hrs$.$ unfavorable variance as a positive number.

Direct Materials Price Variance

Direct Materials Quantity Variance

Total Direct Materials Cost Variance

$

$

$ variance as a positive number.

Direct Labor Rate Variance

$

X

Favorable

Direct Labor Time Variance

$

Unfavorable