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Indigo Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product: Direct materials (6.00 kg at
Indigo Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product: Direct materials (6.00 kg at $3.45 per kilogram) $20.70 Direct labour (2.20 hours at $11.00 per hour} $24.20 During the month of April, the company manufactures 190 units and incurs the fol lowing actual costs: Direct materials purchased and used (1,340 kg) $4,824 Direct labour (390 hours) $4,095 Calculate the total, price, and quantity variances for materials and labour. (Round intermediate calculations to 2 decimal places, e.g. 1.25 and final answer to O decimal places, e.g. 125.) Materials Labo Price variance $ V to Quantity variance $ V to Total variance $ V $
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