help test 420818

Direct Materials and Direct Labor Variance Analysis

Best Faucet Company manufactures faucets in a small manufacturing facility. The faucets are made from zinc. Manufacturing has 40 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 faucet for direct materials and direct labor. Round the cost per unit to two decimal places.

b. Determine theprice variance,quantity variance, and total direct materialscost variance. Use the minus sign to enter favorable variances as negative numbers.

c. Determine therate variance,time variance, and total direct labor cost variance. Use the minus sign to enter favorable variances as negative numbers.