4.Direct Materials and Direct Labor Variances

At the beginning of June, Bezco Toy Company budgeted 20,000 toy action figures to be manufactured in June at standard direct materials and direct labor costs as follows:

Direct materials $28,000 Direct labor 12,000 Total $40,000

The standard materials price is $0.7 per pound. The standard direct labor rate is $12 per hour. At the end of June, the actual direct materials and direct labor costs were as follows:

Actual direct materials $25,100 Actual direct labor 10,800 Total $35,900

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 17,400 units during June.

Determine the direct materials quantity and direct labor time variances. Round your per unit computations to two decimal places, 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 $