Abbeville Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 90 employees. Each employee presently provides 36 hours of labor per week. Information about a production week is as follows:

Standard wage per hr..................................................$15.00

Standard labor time per faucet.....................................40 min.

Standard number of lbs. of brass..................................3 lbs.

Standard price per lb. of brass.........................................$2.40

Actual price per lb. of brass............................................$2.50

Actual lbs. of brass used during the week......................14,350 lbs.

Number of faucets produced during the week................4,800

Actual wage per hr.............................................................$14.40

Actual hrs. for the week (90 employees × 36 hours).........3,240

Instructions

Determine

(A) The standard cost per unit for direct materials and direct labor;

(B) The direct materials price variance, direct materials quantity variance, and total direct materials cost variance; and

(C) The direct labor rate variance, direct labor time variance, and total direct labor cost variance.