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Crane Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials ( 6 pounds

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Crane Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product.
Direct materials (6 pounds at $1.50 per pound),$9.00
Direct labor (1 hours at $10.00 per hour),$10.00
During the month of April, the company manufactures 150 units and incurs the following actual costs.
Direct materials purchased and used (1,500 pounds),$2,400
Direct labor (160 hours)
$1,584
Compute the total, price, and quantity variances for materials and labor.
Total materials variance
$
Materials price variance
Materials quantity variance
Total labor variance
$
Compute the total, price, and quantity variances for materials and labor.
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