Cookie Business Actual Cost of Direct Materials $ 225,000 7500 Standard Cost of Direct Materials 224,800 7252 Actual Materials Used 30 Standard Materials Used 31 Actual Direct Labor Rate 15.50 Standard Labor Rate 15.00 Actual Hours Worked 45 Standard Hours Worked 40 Amount Favorable/ Unfavorable Calculate Materials Variances: Materials Price Variance $ (6,000) UnFavorable Materials Quantity Variance 225,000 Favorable Calculate Labor Variances: Labor Rate Variance $ (23) UnFavorable Labor Efficiency Variance (78) UnFavorable