Direct Materials and Direct Labor Variances At the beginning of June, Cornerstone Printing Company budgeted 17,000 books to be printed in June at standard direct materials and direct labor costs as follows: Direct materials $35,700 Direct labor 6,800 Total $42,500 The standard materials price is $0.7 per pound. The standard direct labor rate is $10 per hour. At the end of June, the actual direct materials and direct labor costs were as follows: Actual direct materials $32,700 Actual direct labor 6,200 Total $38.900 There were no direct materials price or direchabor rate variances for June. In addition, assume no changes in the direct materials inventory balances in June. Comerstone Printing Company actually produced 15,100 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 -3,990 X Direct labor time variance