Direct Materials and Direct Labor Variance Analysis Jericho Flxture Company manufactures faucets in a small manulacturing facluty. The faucets are made from brass. Manufacturing has 50 employees. Each employee presently provides 32 hours of labor per week. Information about a production week is as followr: a. Deternine the standard cost per unit for direct materiats and direct labor. Round the cost per unit to two decimal places. b. Deterinine the cirect materials price variance, direct materials quantity variance, and total direct materials cost variance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number, c. Determine the direct labor nate vanance, direct labor time variance, and total direct labor cost variance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance os a positive number