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1) Direct Materials and Direct Labor Variance Analyriit Jericho Fixture...

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Accounting

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Direct Materials and Direct Labor Variance Analyriit Jericho Fixture Company manufactures faucets in a tmall manufacturing facility The faveets are made from brass. Manufacturing has 45 employees. Fach employee presently provides 36 hours of labor per week. Information about a production week is as followst 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 materiala cost: variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. 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

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