• Calculate the material variances.
• Calculate the labor variances
• 

Cookie Business Actual Cost of Direct Materials S 225,000 Standard Cost of Direct Materials S 224,800 Actual Materials Used 30 Standard Materials Used 31 Actual Direct Labor Rate S 15.50 Standard Labor Rate S 15.00 Actual Hours Worked 45 Standard Hours Worked :10 Favorable} Amount Uniavora ble Calculate MaterialsVariances: Materials Price Variance Materials uantitVVariance Calculate Labor Variances: Labor Rate Variance Labor Efficiencyr Variance