LPINE Direct Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 90 employees. Each employee presently provides 36 hours of labor per week. Information about a production week is as follows: Standard wage per hr. $15.00 Standard labor time per faucet 40 min. Standard number of lbs. of brass 3 lbs. Standard price per lb. of brass $2.40 Actual price per lb. of brass $2.50 Actual lbs. of brass used during the week 14,350 lbs. Number of faucets produced during the week 4,800 Actual wage per hr $14.40 Actual hrs, for the week (90 employees x 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 b. Determine the direct materials pro variance, direct materials a y walance, and total direct materials con 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 Direct Materials Quantity Variance Favorable Total Direct Materials Cost Variance Unfavorable Previous Next Check My Work $2.50 14,350 lbs. 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 x 36 hours) 4,800 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 7.2 Direct labor standard cost per unit $ 10 Total standard cost per unit $ 17.2 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 $ 1,435 Unfavorable Direct Materials Quantity Variance $ -120 Favorable Total Direct Materials Cost Variance $ 1,315 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 a m sign and an unfavorable variance as a positive number Direct Labor Rate Variance -1,944 Favorable Direct Labor Time Variance Unfavorable Total Direct Labor Cost Variance Favorable Check My Work Previous Next All work saved. Email Instructor Save and Exit Submit Assignment for Gra