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Determine the direct materials quantity and direct labor

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Reference no: EM132776088

Problem - At the beginning of June, Kimber Toy Company budgeted 4,800 toy action figures to be manufactured in June at standard direct materials and direct labor costs as follows: The standard materials price is $5.00 per pound. The standard direct labor rate is $20.00 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 5,000 units during June. Determine the direct materials quantity and direct labor time variances.

Reference no: EM132776088

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