1. PR. 22-01A Direct Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures Faucets in a small manufacturing facility. The faucets are made from brass Manufacturing has 90 employees. Each employee presently provides 36 hours of labor per week. Information about a production week is as follows: Standard wage per hr. $15.00 Standard labor time per faucet 40 min Standard number of lbs. of brass 3 lbs. Standard price per lb. of brass $2.40 Actual price per lb. of brass $2.50 Actual Ibs. of brass used during the week 14,350 lbs Number of faucets produced during the week 4,800 Actual wage per hr $14.40 Actual hrs. for the week (90 employees * 36 hours) 3,240 hrs. 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 $ 7.20 Direct labor standard cost per unit $10 Total standard cost per unit $17.20 b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Direct Materials Price Variance $ 1,435 U Direct Materials Quantity Variance $ Total Direct Materials Cost Variance $ 1.3.15 (0) c. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number: Direct Labor Rate Variance Direct Labor Time Variance s 600(0) Total Direct Labor Cost Variance $ $