Instructions
The Unchained Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. The manufacturing division has employees, each working hours per week. Information about a production week is as follows:
Data Table
The standard number of lbs of brass lb
Standard price per lb of brass $
Standard wage per hour $
Standard labor time per faucet minutes
Actual price per lb of brass $
Actual lbs of brass used during the week lbs
Number of faucets produced during the week
Actual wage per hour $
Actual hours for the week hrs
Determine the belowlisted variances. Your work must be readable and note the requirements you are addressing. Final answers should be easily found using good grammar, references, and double underliningboldinghighlighting For all calculations, just showing numbers does not constitute showing your work. You need to give the formula in words and then show substitution. See the rubric for instructions on how to display your final answers.
Standard cost per unit for direct materials
Standard cost per unit for direct labor
Direct Material price variance
Direct Material quantity variance
Direct Labor rate variance
Direct Labor time variance