pp.Subject :- Accounting Direct Materials and Direct Labor VariancesAt the beginning of June, Bezco Toy Company budgeted 12,000 toy action figures to be manufactured in June at standard direct materials and direct laborcosts as follows:Direct materialsDirect laborTotalThe standard materials price is $0.60 per pound. The standard direct labor rate is $9.00 per hour. At the end of June, the actual direct materials and directlabor costs were as follows:$14,4007,560$21,960Actual direct materialsActual direct laborTotalThere were no direct materials price or direct labor rate variances for June. In addition, assume no changes in the direct materials inventory balances inJune. Bezco Toy Company actually produced 10,800 units during June.$13,3007,000$20,300Determine the direct materials quantity and direct labor time variances. Round your per unit computations to two decimal places and round youranswers to the nearest dollar, if required. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as apositive number.Direct materials quantity varianceDirect labor time variance

Name: pp.Subject :- Accounting Direct Materials and Direct Labor VariancesAt
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: pp.Subject :- Accounting Direct Materials and Direct Labor VariancesAt the beginning of June, Bezco Toy Company budgeted 12,000 toy action figures to be manufactured in June at standard direct materials and direct laborcosts as follows:Direct materia