he following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August. Costs Actual labor rate Actual materials price Standard labor rate Standard materials price $14 per hour $180 per ton $13.50 per hour $183 per ton uantities Actual hours incurred and used Actual quantity of materials purchased and used Standard hours us Standard quantity of materials used 4,900 hours 1,700 tons 4,960 hours 1,680 tons ed Compute the total, price, and quantity variances for materials and labor. Total materials variance Materials price variance Materials quantity variance Total labor variance Labor price variance Labor quantity variance