Direct Materials and Direct Labor Variances At the beginning of August, Havasu Printers Company budgeted 19,000 books to be printed in August at standard direct materials and direct laber costs as follows: The standard materiais price is $0,70 per pound. The standard direct labor rate is $15.00 per hour. At the end of August, the actual direct materials and direct iabor cost: were as follows: There were no direct materials price or direct laber rate variances for August. In addition, assume no changes in the direct materials inventory balances in August. Havi Printers Company actually produced 17,300 units during August. Determine the direct moterials quantity variance, the direct iabor time variance, and the total variance. Enter a favorable variance as a negative amount, and an Unfavorable variance as a positive amount