PART B: DIRECT MATERIALS AND DIRECT LABOR VARIANCES At the beginning of June, Faiz Mainan Sdn. Bhd. budgeted 5,000 toys action figures to be manufactured in June at standard direct materials and direct labor costs as follows: Direct materials RM50,000 Direct labor RM36,000 Total RM86,000 The standard materials price is RM4.00 per pound. The standard direct labor rate is RM18.00 per hour. At the end of June, the actual direct materials and direct labor costs were as follows: Actual direct materials RM49,600 Actual direct labor RM34,020 Total RM83,620 There were no direct materials price or direct labor rate variance for June. In addition, assume no charges in the direct materials inventory balances in June. Faiz Mainan Sdn. Bhd. actually produced 4,850 units of toys action figures during June. REQUIRED: (a) Determine the direct materials price variance. (b) Determine the direct labor rate variance