CO Direct Materials and Direct Labor Variances At the beginning of June, Geppetto's Toy Company budgeted 13,000 toy action figures to be manufactured in June at standard dret mater and follows: Direct materials Direct labor Total $22,750 10,010 $32,760 The standard materials price is $0.50 per pound. The standard direct labor rate is $11.00 per hour At the end of June, the actual dract materials and Grect labor s were as follows: Actual direct materials Actual direct labor Total $20,500 9,000 $29,500 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 Geppett Toy Company actually produced 11,400 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, 19,950 x 0.07 X Unfavorable Unfavorable Check My Work Unfavorable variances can be thought of as increasing costs (a debit), Favorable variances can be thought of as decreasing costs (a uredio Check My Work Previous Not ExtSubmit Assignment for Grading