direct materials and direct labor variences

ebook 2 Show Me How Direct Materials and Direct Labor Variances At the beginning of June, Berco Toy Company budgeted 26,000 toy action figures to be manufactured in June at standard direct materials and direct labor costs as follow Direct materials $32,500 Direct labor 10,400 Total 342.900 The standard materials price is $0.50 per pound. The standard direct labor rate is $10.00 per hour. At the end of June, the actual direct materials and direct labor costs were as follows: Actual direct materials $30,500 Actual direct labor 9,800 Total $40,300 There were no direct materials price or direct laborate variances for June. In addition, assume no changes in the direct materials inventory.balances in June thero Toy Company actually produced 23,700 units during June Determine the direct materials quantity and direct labor time variantes. Round your per unit computations to two decimal places and round your answers to the nearest dollar, 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 Direct labor time variance