Please do not give solution in image format thanku Direct Materials and Direct Labor Variance AnalysisAbbeville Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 30 employees. Each employee presently provides 32 hours of labor per week.Information about a production week is as follows:Standard wage per hourStandard labor time per faucetStandard number of lbs. of brassStandard price per lb. of brassActual price per lb. of brassActual lbs. of brass used during the weekNumber of faucets produced during the weekActual wage per hourActual hours for the week (30 employees x 32hours)Required:$10.8010 min.1.5 lbs.$11.00$11.2511,124lbs.7,200$11.12960 hrs.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 unitDirect labor standard cost per unit.Total standard cost per unit$$$b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Round your answers to the nearest whole dollar. Enter a favorable variance as a negativenumber using a minus sign and an unfavorable variance as a positive number.Direct Materials Price VarianceDirect Materials Quantity VarianceUnfavorableUnfavorable Standard price per lb. of brassActual price per lb. of brassActual lbs. of brass used during the weekNumber of faucets produced during the weekActual wage per hourActual hours for the week (30 employees x 32hours)Required:$11.00$11.2511,124lbs.7,200$11.12960 hrs.a. Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimal places.Direct materials standard cost per unitDirect labor standard cost per unitTotal standard cost per unitJOU$$b. Determine the direct 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 negativenumber using a minus sign and an unfavorable variance as a positive number.Direct Materials Price VarianceDirect Materials Quantity VarianceTotal Direct Materials Cost VarianceUnfavorableUnfavorableUnfavorablec. Determine the direct labor rate variance, 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 aminus sign and an unfavorable variance as a positive number.Direct Labor Rate VarianceDirect Labor Time VarianceTotal Direct Labor Cost VarianceUnfavorableUnfavorableFavorable

Name: Please do not give solution in image format thanku Direct Materials an
Uploaded: 2024-03-20T06:33:06.000Z
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Description: Please do not give solution in image format thanku Direct Materials and Direct Labor Variance AnalysisAbbeville Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 30 employees. E