Help 1 Svstem Announcements The following direct materials and drect labor data pertain to the operations of Laurel Company for the month of August. Actual labor rate Actual materials price Standard labor rate Standard materials price $13 per hour $110 per ton $12.50 per hour $111 per tor Actual hours incurred and used Actual quantity of materials purchased and used Standard hours used Standard quantity of materials used 4,500 hours 1,600 tons 4,580 hours 1,575 tons Compute the total, price, and quantity variances for materials and labor Total materials varlance 9:36