Direct Materials and Direct Labor Variances At the beginning of June, Kimber Toy Company budgeted 11,000 and direct labor costs as follows: toy action figures to be manufactured in June at standard direct materials Direct materials Direct labor Total The standard materials price is so.50 per pound. The standard direct labor rate is $13.00 per hour. At the end of June, the actual direct materials and direct labor costs were as follows Actual direct materials Actual direct labor Total 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. Kimber Toy Company actually produced 9,700 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 varlance as a negative number using a minus sign and an unfavorable variance as a positive number $13,750 7,150 $20,900 $12,500 6,500 $19,000 Direct materials quantity variance Direct labor time variance