Moreland Manufacturing Inc produces and sells stainless steel faucets in the current year, the company had budgeted for the production and sale of 6,000 faucets but due to unexpected domand, 7.000 faucets were actually produced and sold Each faucot has a standard requiring 15 ounces of direct material at a cost of $ 40 per ounce and 15 minutes of assembly time at a cost of $ 20 por minuto Actual costs for the production of 7.000 faucets wore $41350 50 for materials (106,050 ounces purchased and used $.39 per Ounce) and $21,500 for labor (98.000 minutos 5.22 por minuto) Moreland's direct materials price variance is 51 050 00 F 51.00 SF 51,060 50 $1.050 00