Question: Please help with part c Direct Materials and Direct Labor Variance Analysis Abbeville Company manufactures faucets in a small provides 35 hours of labor per
Direct Materials and Direct Labor Variance Analysis Abbeville Company manufactures faucets in a small provides 35 hours of labor per week. Information about a production week is as follows: Standard wage per hr Standard labor time per faucet Standard number of ib. of brass Standard price per lb. of brass Actual price per ib. of brass Actual lb. of brass used during the week Number of faucets produced during the week Actual wage per hr Actual hrs. per week Required: a. Determine the standard Direct materials standard cost per faucet Direct labor standard cost per faucet Total standard cost per faucet manufacturing facility. The faucets are made from brass. Manufacturing has 50 employees. Each employee $16.80 10 min. 1.70 lb. $9.25 $9.50 14,200 Ib 8,100 $17.30 1,750 hrs cost per faucet for direct materials and direct labor. Round the cost per unit to two decimal places. 15.73 2.8 18.53 direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavcrable variance as a positive number Price variance Quantity variance Total direct materials cost variance 3,550 3,977.5 7,527.5 Unfavorable Unfavorable Unfavorable
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