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Direct Materials and Direct Labor Variance Analysis Best Faucet Company manufactures faucets in a small...

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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 30 employees. Each employee presently provides 35 hours of labor per week. Information about a production week is as follows: Standard wage per hour Standard labor time per faucet Standard number of lbs. of zinc Standard price per lb. of zinc Actual price per lb. of zinc Actual lbs. of zinc used during the week Number of faucets produced during the week Actual wage per hour Actual hours per week Required $15 15 min 1.3 lbs. $10 $10.25 12,100 lbs. 9,000 $15.5 1,050 hrs. a. Determine the standard cost per faucet for direct materials and direct labor. Round the cost per unit to two decimal places. Direct materials standard cost per faucet Direct labor standard cost per faucet Total standard cost per faucet

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