Standard labor time per faucet Actual price per lb. of brass 15 min. $0.90 Actual lbs....
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Standard labor time per faucet Actual price per lb. of brass 15 min. $0.90 Actual lbs. of brass used during the week 4,500 lbs 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 Direct labor standard cost per unit Total standard cost per unit 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 Direct Materials Quantity Variance Total Direct Materials Cost Variance DO 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 minus sign and an unfavorable variance as a positive a number Direct Labor Rate Variance Direct Labor Time Vanance Tetal Direct Labor Cost Variance 000 Standard labor time per faucet Actual price per lb. of brass 15 min. $0.90 Actual lbs. of brass used during the week 4,500 lbs 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 Direct labor standard cost per unit Total standard cost per unit 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 Direct Materials Quantity Variance Total Direct Materials Cost Variance DO 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 minus sign and an unfavorable variance as a positive a number Direct Labor Rate Variance Direct Labor Time Vanance Tetal Direct Labor Cost Variance 000
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