Direct Materials Variances Silicone Engine Inc. produces wrist-worn tablet computers. The company uses Thin Film Crystal (TFC) LCD displays for its products. Each tablet uses one display. The company produced 650 tablets during December. However, due to LCD defects, the company actually used 600 LCD displays during December. Each display has a standard cost of $6.00. LCD displays were purchased for December production at a cost of $3,660. Determine the price variance, quantity variance, and total direct materials cost variance for December. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. And, enter your final variance amounts to the nearest whole dollar. Price variance $ Quantity variance $ Total direct materials cost variance $ Favorable Unfavorable Direct Labor Variances The following data relate to labor cost for production of 3,700 cellular telephones: Actual: 2,500 hrs. at $13.30 Standard: 2,460 hrs. at $13.60 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Rate variance Time variance Favorable Total direct labor cost variance Unfavorable b. The employees may have been less-experienced workers who were paid less than more experienced workers or poorly trained, thereby resulting in a have resulted in efficient performance. Thus, the actual time required was than standard. labor rate than planned. The lower level of experience or training may