Direct Materials and Direct Labor Variances At the beginning of June, Bezco Toy Company budgeted 18,000 toy action figures to be manufactured in June at standard direct materials and direct labor costs as follows: Direct materials $27,000 Direct labor 17,640 Total $44,640 The standard materials price is $0.5 per pound. The standard direct labor rate is $14 per hour. At the end of June, the actual direct materials and direct labor costs were as follows: Actual direct materials $24,400 Actual direct labor 15,900 Total $40,300 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 15,800 units during June. Determine the direct materials quantity and direct labor time variances er unit computations to Favorable two decimal places, if required. Enter a favorable variance as a negative a minus sign and an unfavorable variance as a positive number. Unfavorable Direct materials quantity variance Direct labor time variance Previous Next > Check My Work