Direct Materials and Direct Labor Variances

At the beginning of April, Winslow Toy Company budgeted $50,000$ toy action figures to be manufactured in April at standard direct materials and direct labor costs as follows:

Line Item Description Amount

Direct materials $$40,000$

Direct labor $600,000$

Total $$640,000$

The standard materials price is $$2\mathrm{.}00$ per pound. The standard direct labor rate is $$16\mathrm{.}00$ per hour. At the end of April, the actual direct materials and direct labor costs were as follows:

Line Item Description Amount

Actual direct materials $$41,800$

Actual direct labor $572,800$

Total $$614,600$

There were no direct materials price or direct labor rate variances for April. In addition, assume no changes in the direct materials inventory balances in April. Winslow Toy Company actually produced $48,500$ units during April.

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.

Line Item Description Amount Variance

Direct materials quantity variance $fill in the blank $1$

Direct labor time variance $fill in the blank $3$