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Coronado Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials ( 9 pounds

Coronado Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product.
Direct materials (9 pounds at $1.80 per pound),$16.20
Direct labor (6 hours at $14.00 per hour) $84.00
During the month of April, the company manufactures 270 units and incurs the following actual costs.
Direct materials purchased and used (2,500 pounds),$5,000
Direct labor (1,660 hours)
$22,908
Compute the total, price, and quantity variances for materials and labor.
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