Cookie Business ActualTotal Cost ofDirect Materials 5 225,000 Standard Total Cost of Direct Materials 5 224,300 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 40 Favorable,r Amount Unfavorable Calculate Materials Variances: Materials Price Variance Materials Quantity Variance Calculate Labor Variances: Labor Rate Variance