direct materials and direct labor variance analysis shasta fixture company manufactures faucets in a small manufacturing facility. the faucets are made from brass. manufacturing has 70 employees. each employee presently provides 38 hours of labor per week. information about a production week is as follows: standard wage per hr. $20.00 standard labor time per faucet 30 min. standard number of lbs. of brass 2.5 lbs. standard price per lb. of brass $1.80 actual price per lb. of brass $1.95 actual lbs. of brass used during the week 13,000 lbs. number of faucets produced during the week 5,000 actual wage per hr. $18.75 actual hrs. for the week (70 employees × 38 hours) 2,660 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 $fill in the blank 1 direct labor standard cost per unit $fill in the blank 2 total standard cost per unit $fill in the blank 3 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 $fill in the blank 4 unfavorable direct materials quantity variance $fill in the blank 6 unfavorable total direct materials cost variance $fill in the blank 8 unfavorable 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 number. direct labor rate variance $fill in the blank 10 favorable direct labor time variance $fill in the blank 12 unfavorable total direct labor cost variance $fill in the blank 14 favorable feedback area feedback
