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Direct Materials Variances De Soto Inc. produces tablet computers. The company uses Thin Film Crystal (TFC) LCD displays for its products. Each tablet uses one display. The company produced 770 tablets during July. However, due to LCD defects, the company actually used 800 LCD displays during July. Each display has a standard cost of $12.50. Eight hundred LCD displays were purchased for July production at a cost of $9,400. Determine the price variance, quantity variance, and total direct materials cost variance for July. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Price variance Quantity variance Total direct materials cost variance Direct labor variances for a service company Mexicali On the Go Inc. owns and operates food trucks (mobile kitchens) throughout the west coast. The company's employees have varying wage levels depending on their experience and length of time with the company. Employees work 8-hour shifts and are assigned to a truck each day based on labor needs to support the daily menu. One of its trucks, Donna's Mobile Fiesta offers a single menu item that changes daily. On May 6, the truck prepared 180 of its most popular item, the Breakfast Enchilada. The following data are available for that day: 24 hrs. Quantity of direct labor used (3 employees, working hour shifts) Actual rate for direct labor Standard direct labor per meal Standard rate for direct labor $17.80 per hr. 0.1 hr. $18.20 per hr. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a. 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. Round your answers to the nearest cent. Direct Labor Rate Variance Direct Labor Time Variance Direct Labor Cost Variance $ b. Discuss what might have caused these variances. Unfavorable time variance will occur any time the number of meals actually made kitchen. number of meals that could be generated by employees in the mobile Direct Materials and Direct Labor Variances At the beginning of June, Bezco Toy Company budgeted 25,000 toy action figures to be manufactured in June at standard direct materials and direct labor costs as follows: Direct materials $35,000 15,750 Direct labor Total $50,750 The standard materials price is $0.70 per pound. The standard direct labor rate is $9.00 per hour. At the end of June, the actual direct materials and direct labor costs were as follows: Actual direct materials $31,700 14,300 Actual direct labor Total $46,000 There were no direct materials price or direct labor rate variances for June. In addition, assume no changes in the direct materials inventory balances in June. Bezco Toy Company actually produced 22,000 units during June. Determine the direct materials quantity and direct labor time variances. Round your per unit computations to two decimal places and round your answers to the nearest dollar, if required. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct materials quantity variance Direct labor time variance