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Quick Fix Company manufactures Custom shelves in a small manufacturing facility. The shelves are made from wood. Quick Fix has 50 employees. Each employee presently

Quick Fix Company manufactures Custom shelves in a small manufacturing facility. The shelves are made from wood. Quick Fix has 50 employees. Each employee presently provides 36 hours of labor per week. Information about a production week is as follows:

Standard wage per hour

$18.40

Standard labor time per unit

45

minutes

Standard number of yards. of wood per unit

2.4

yards

Standard price per yard of wood

$8.50

Actual price per yard of wood

$9.25

Actual yards of wood used during the week

6,702

yards

Number of units produced during the week

3,000

units

Actual wage per hour

$19.00

Actual hours for the week (50 employees 36 hours)

1800

hours

1. Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimal places.

2. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

3. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

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