U Factory Overhead Cost Budget Nutty Candy Company budgeted the following costs for anticipated production for August: Advertising expenses $252,620 Production supervisor wages $121,450 Manufacturing supplies 13,850 Production control wages 31,580 Power and light 41,290 Executive officer salaries 257,470 Sales commissions 279,200 Materials management wages 34,730 Factory insurance 24,050 Factory depreciation 19,670 Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only factory fixed costs. Enter all amounts as positive numbers. NUTTY CANDY COMPANY Factory Overhead Cost Budget For the Month Ending August 31 Variable factory overhead costs Total variable factory overhead costs Fixed factory overhead costs: Total fixed factory overhead costs Total factory overhead costs 00 12 min 51.25 51.40 $18.75 2,160 Direct Materials and Direct Labor Variance Analysis Faucet Industries Inc. manufactures faucets in a small manufacturing facility. The faucets are made from zinc. Faucet Industries has 60 employees. Each employee presently provides 36 hours of labor per week. Information about a production week is as follows: Standard wage per hour $15.00 Standard labor time per faucet Standard number of ibs, of zinc 0.80 Standard price per b. of zine Actual price per lib. Of zinc Actual is, of zinc used during the week 10,200 lbs. Number of faucets produced during the week 12,000 Actual wage per hour Actual hours per week Required: a. Determine the standard cost per unit for direct materials and direct labor. Round your answers to the nearest cent. Direct materials standard cost per faucet Direct labor standard cost per faucet Total cost per fort b. Determine the price variance, quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount. Price variance Quantity variance Total direct materials cost variance c. Determine the rate variance, time variance, and total direct labor cost variance. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount. Rate variance Time variance Total direct labor cost variance