| Cookie Business actual Cost of Direct Materials S 225,000 3 Standard Cost of Direct Materials 5 224,800 3- ctual Materials Used 30 F Standard Materials Used 31 3 1 Actual Direct Labor Rate 5 15.50 0 Standard Labor Rate S 15.00 1 Actual Hours 1Worked 45 2 Standard Hours Worked 40 3 Favorable! Amount Unlavora ble Calculate MaterialsVariances: Materials Price Variance Materials [Luantitlyr Variance Calculate Labor Variances: Labor Rate Variance Labor Efficiencyr Variance