Exercise 17-32 (Algo) Labor Mix and Yield Variances (LO 17-5) Matt's Eat 'N Run has two categories of direct labor: unskilled, which costs $19 per hour, and skilled, which costs $29 per hour. Management has established standards per "equivalent friendly meal," which has been defined as a typical meal consisting of a hamburger, a drink, and french fries. Standards have been set as follows. Skilled labor 2 minutes per equivalent meal 6 minutes per equivalent meal Unskilled labor For the year, Matt's sold 189,000 equivalent friendly meals and incurred the following labor costs. Skilled labor 6, 300 hours 10, 500 hours $188,600 241, 800 Unskilled labor

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Direct Materials and Direct Labor Variance Analysis Abbeville Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 50 employees. Each employee presently provides 36 hours of labor per week. Information about a production week is as follows: Standard wage per hr. $13.80 Standard labor time per faucet 15 min. Standard number of lb. of brass 1.80 lb. Standard price per lb. of brass $10.00 Actual price per lb. of brass $10.25 Actual lb. of brass used during the week 12,800 lb. Number of faucets produced during the week 6,900 Actual wage per hr. $14.20 Actual hrs. per week 1,800 hrs. Required: 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 unit $     Direct labor standard cost per unit $ Total standard cost per unit $     b.  Determine the direct materials price variance, direct…

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Direct Materials and Direct Labor Variance Analysis Abbeville Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 70 employees. Each employee presently provides 40 hours of labor per week. Information about a production week is as follows: $17.40 20 min. 1.20 lb. Standard wage per hr. Standard labor time per faucet Standard number of lb. of brass Standard price per lb. of brass Actual price per lb. of brass Actual lb. of brass used during the week Number of faucets produced during the week Actual wage per hr. Actual hrs. for the week Required: $11.50 $11.75 7,400 lb. 6,000 $17.90 2,800 hrs. a. Determine the standard cost per unit for direct materials and direct labor. Do not round your intermediate calculations and round the cost per unit to two decimal places. Direct materials standard cost per unit Direct labor standard cost per unit Total standard cost per unit materials cost variance. Do not round your intermediate