Cookie Business Actual Total Cost of Direct Materials 225,000 Standard Total Cost of Direct Materials 224,800 Actual Materials Used 30 Standard Materials Used 31 Actual Direct Labor Rate 15.50 Standard Labor Rate S 15.00 Actual Hours Worked 45 Standard Hours Worked 40 Favorable/ Amount Unfavorable Calculate Materials Variances: Materials Price Variance Materials Quantity Variance Calculate Labor Variances: Labor Rate Variance Labor Efficiency Variance