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At the beginning of August, Havasu Printers Company budgeted 13,000 books to be printed in August at standard direct materials and direct labor costs as

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At the beginning of August, Havasu Printers Company budgeted 13,000 books to be printed in August at standard direct materials and direct labor costs as follows Direct materials Direct labor Total $27,300 7,800 $35,100 The standard materials price is $0.70 per pound. The standard direct labor rate is $10.00 per hour. At the end of August, the actual direct materials and direct labor costs were as follows: Actual direct materials Actual direct labor $24,700 7,000 $31,700 Total There were no direct materials price or direct labor rate variances for August. In addition, assume no changes in the direct materials inventory balances in August. Havasu Printers Company actually produced 11,400 units during August. Determine the direct materials quantity variance, the direct labor time variance, and the total variance. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount Direct materials quantity variance 759.5Unfavorable Direct labor time variance Total variance 670 X Unfavorable -220 X Unfavorable

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