Direct materials and direct labor variances At the beginning of April, Winslow Toy Company budgeted 50,000 toy oction figures to be manufactured in April at standard direct materials and direct iabor costs as follows: The standard materials price is $2.00 per pound. The standard direct labor rate is $16.00 per hour. At the end of Aprit, the actual direct materials and direct labor costs were as follows: There were no direct materials price or direct labor rate variances for April. In addition, assume no changes in the direct materiais 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