Question: Direct Materials and Direct Labor Variance Analysis Abbeville Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 30

Direct Materials and Direct Labor Variance Analysis Abbeville Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 30 employees. Each employee presently provides 36 hours of labor per week. Information about a production week is as follows: Standard wage per hr. $13.80 Standard labor time per faucet 10 min. Standard number of lb. of brass 2.00 lb Standard price per lb. of brass $9.75 Actual price per lb. of brass $10.00 Actual lb. of brass used during the week 14,800 lb. Number of faucets produced during the week 7,200 Actual wage per hr $14.20 Actual hrs. for the week 1,080 hrs Required: a. Determine the standard cost per unit for direct materials and direct labor. Do not round your intermediate calculations and round the cost per unit to two decimal places. Direct materials standard cost per unit X Direct labor standard cost per unit X Total standard cost per unit X b. Determine the direct materials anchatant direct materials and total direct materials cont vacance. Do not found your
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