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Direct Materials and Direct Labor Variance Analysis Lenni Clothing Co. manufactures clothing in a small manufacturing facility. Manufacturing has 25 employees. Each employee presently provides 40 hours of productive labor per week. Information about a production week is as follows: $12.00 12 min. 5.0 yds. Standard wage per hr. Standard labor time per unit Standard number of yds. of fabric per unit Standard price per yd. of fabric Actual price per yd. of fabric Actual yds. of fabric used during the week Number of units produced during the week $5.00 $5.10 26,200 yds. 5,220 $11.80 Actual wage per hr. Actual hrs. for the week 1,000 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 2,620 X Direct labor standard cost per unit $ 500 X Total standard cost per unit 3,120 X b. Determine the price variance, 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. Price variance 2,620 Unfavorable Quantity variance $ 500 Unfavorable Total direct materials cost variance 3,120 Unfavorable c. Determine the rate variance, 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 number. Rate variance 200 x Favorable Time variance $ 528 X Favorable Total direct labor cost variance $ 728 x Favorable