Answer Happy

Direct Materials and Direct Labor Variances
At the beginning of June, Kimber Toy Company budgeted 13,000 toy
action figures to be manufactured in June at standard direct
materials and direct labor costs as follows:
The standard materials price is $0.50 per pound. The standard
direct labor rate is $12.00 per hour. At the end of June, the
actual direct materials and direct labor costs were as follows:
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. Kimber Toy Company actually
produced 11,300 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 a negative number using
a minus sign and an unfavorable variance as a positive number.