Direct Materials and Direct Labor Variance Analysis Shasta Fixture Company manufactures faucets in a small manufacturing

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Direct Materials and Direct Labor Variance Analysis
Shasta Fixture Company manufactures faucets in a small
manufacturing facility. The faucets are made from brass.
Manufacturing has 50 employees. Each employee presently provides 40
hours of labor per week. Information about a production week is as
follows:
Required:
a. Determine the standard
cost per unit for direct materials and direct
labor. Round the cost per unit to two decimal
places.
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 negative
number using a minus sign and an unfavorable variance as a positive
number.
FavorableUnfavorable
FavorableUnfavorable
FavorableUnfavorable
c. 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 a minus sign and an unfavorable variance as a positive
number.
FavorableUnfavorable
FavorableUnfavorable
FavorableUnfavorable