eBook 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 450 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 $3,780. 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 vanance as a positive number. And, enter your final variance amounts to the nearest whole dollar Price variance Quantity variance Total direct materials cost variance 205 x 130 X 75 X Favorable Unfavorable Favorable X X Direct Labor Variances La Barte Company manufactures commuter bicycles from recycled materials. The following data for July of the current year are available: Quantity of direct labor used 430 hrs. Actual rate for direct labor a $14.00 p hr. Bicycles completed in July 200 bicycles 2 hrs. Standard direct labor per bicycle Standard rate for direct labor $14.30 per hr. a. Determine the direct labor rate variance, time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable vanance as a positive number. Direct labor rate variance Direct labor time variance Total direct labor cost vanance b. How much direct labor should be debited to Work in Process