Direct Materials and Direct Labor Variances Direct Materials and Direct Labor VariancesAt the beginning of June, Bezco Toy Company budgeted 18,000 toy action figures to be manufactured in June at standard direct materials and direct labor costs as follows:Direct materials$37,800Direct labor16,200Total$54,000The standard materials price is $0.7 per pound. The standard direct labor rate is $15 per hour. At the end of June, the actual direct materials and direct labor costs were as follows:Actual direct materials$34,200Actual direct labor14,600Total$48,800There 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 Companyactually produced 15,800 units during June.Determine the direct materials quantity and direct labor time variances. Round your per unit computations to two decimal places, if required. Enter a favorable variance as anegative number using a minus sign and an unfavorable variance as a positive number.Direct materials quantity varianceDirect labor time variance$4

Name: Direct Materials and Direct Labor Variances Direct Materials and Direc
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Direct Materials and Direct Labor Variances Direct Materials and Direct Labor VariancesAt the beginning of June, Bezco Toy Company budgeted 18,000 toy action figures to be manufactured in June at standard direct materials and direct labor costs as fo