Discussion#$1$Head Stone produces granite grave stones. These monuments are etched with the name of the deceased and other information. Each monument typically requires $300$ pounds of granite. The standard cost for granite is estimated at $$150$ per ton $(2,000$ pounds$).$ During a recent month, $200$ monuments were constructed. The company purchased and used $25$ tons of material at a cost of $$175$ per ton.

Compute the total variance for materials, and determine how much is related to price and how much is related to quantity.

Discussion#$2$

Wooden China produces handmade dinnerware. The process is labor intensive. The speed at which a bowl can be built depends on the skill level of the individual worker. Management has established a standard of $1\mathrm{.}5$ labor hours per soup bowl. The standard wage rate is $$13$ per hour. During a recent month, $1,500$ soup bowls were produced. Management was pleased that only $2,175$ labor hours were worked, however total wages amounted to $$31,800.$

Compute the total variance for labor, and determine how much is related to rate and efficiency components.

ANSWER THIS QUESTION ONLY$>>$ Give a summary on both Discussion post's on what you learned $?$