Direct Materials and Direct Labor Variance Analysis

Standard wage per hour

Standard labor time per unit

Standard number of lbs$.$ of brass

Standard price per lb$.$ of brass

Actual price per lb$.$ of brass

Actual lbs$.$ of brass used during the

week

Number of units produced during the

week

Actual wage per hour

Actual hours for the week $(40$

employees $40$ hours$)$

$$13\mathrm{.}80$

$15$min.

$1\mathrm{.}7$ lbs$.$

$$11\mathrm{.}25$

$$11\mathrm{.}50$

$14,183$

Ibs.

$8,100$

$$14\mathrm{.}21$

$1,600$

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

Direct labor standard cost per unit

Total standard cost per unit

variance as a positive number.

positive number.

Direct Labor Rate Variance

Direct Labor Time Variance

Total Direct Labor Cost Variance