Direct Materials and Direct Labor Variance Analysis

Standard wage per hr$.$

Standard labor time per faucet

Standard number of lb$.$ of brass

Standard price per lb$.$ of brass

Actual price per lb$.$ of brass

Actual lb$.$ of brass used during the week

Number of faucets produced during the week

Actual wage per hr$.$

Actual hrs$.$ for the week

Required:

$$13\mathrm{.}20$

$10$min.

$1\mathrm{.}60lb.$

$$9\mathrm{.}25$

$$9\mathrm{.}50$

$9,900lb.$

$6,000$

$$13\mathrm{.}60$

$1,200$ hrs$.$

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

$

Direct labor standard cost per unit

Total standard cost per unit

minus sign and an unfavorable variance as a positive number.

Direct materials price variance

Direct materials quantity variance

Total direct materials cost variance

an unfavorable variance as a positive number.

Direct labor rate variance

Direct labor time variance

Total direct labor cost variance