Standard wage per hour$17.40Standard labor time per unit15 min.Standard number of Ibs. of brass1.9 Ibs.Standard price per Ib. of brass$10.75Actual price per Ib. of brass$11.00Actual Ibs. of brass used during the week13,503 Ibs.Number of units produced during the week6,900Actual wage per hour$17.92Actual hours for the week (40 employees × 32 hours)1,280Required:a. Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimal places.Direct materials standard cost per unitDirect labor standard cost per unit2$Total standard cost per unitb. 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 anegative number using a minus sign and an unfavorable variance as a positive number.Direct Materials Price VarianceDirect Materials Quantity VarianceTotal Direct Materials Cost Variancec. 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 usinga minus sign and an unfavorable variance as a positive number.Direct Labor Rate VarianceDirect Labor Time Variance$4Total Direct Labor Cost Variance Direct Materials and Direct Labor Variance AnalysisShasta Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 40 employees. Each employee presently provides 32 hours of labor per week.Information about a production week is as follows:Standard wage per hour$17.40Standard labor time per unit15 min.Standard number of Ibs. of brass1.9 Ibs.Standard price per Ib. of brass$10.75Actual price per Ib. of brass$11.00Actual Ibs. of brass used during the week13,503 Ibs.Number of units produced during the week6,900Actual wage per hour$17.92Actual hours for the week (40 employees × 32 hours)1,280Required: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 unitb. 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 anegative number using a minus sign and an unfavorable variance as a positive number.Direct Materials Price VarianceDirect Materials Quantity VarianceTotal Direct Materials Cost Variancec. 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 usinga minus sign and an unfavorable variance as a positive number.

Name: Standard wage per hour$17.40Standard labor time per unit15 min.Standa
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Standard wage per hour$17.40Standard labor time per unit15 min.Standard number of Ibs. of brass1.9 Ibs.Standard price per Ib. of brass$10.75Actual price per Ib. of brass$11.00Actual Ibs. of brass used during the week13,503 Ibs.Number of units produc