The following data relate to labor cost for production of 7,000 cellular telephones: Actual: 4,730 hrs. at $14.20 Standard: 4,660 hrs. at $14.40 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 minus sign and an unfavorable variance as a positive number. Rate variance Time variance Total direct labor cost variance labor rate than planned. The lower level of experience or training may have resulted in efficient performance. Thus, the actual time required b. The employees may have been less-experienced or poorly trained, thereby resulting in a was than standard. Direct Materials and Direct Labor Variances At the beginning of June, Bezco Toy Company budgeted 24,000 toy action figures to be manufactured in June at standard direct materials and direct labor costs as follows: Direct materials $50,400 Direct labor 14,400 Total $64,800 The standard materials price is $0.70 per pound. The standard direct labor rate is $15.00 per hour. At the end of June, the actual direct materials and direct labor costs were as follows: Actual direct materials Actual direct labor Total $45,600 13,000 $58,600 There were no direct materials price or direct labor rate variances for June. In addition, assume no changes in the direct materials inventory balances in June. Bezco Toy Company actually produced 21,100 units during June. Determine the direct materials quantity and direct labor time variances. 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