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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 following 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 0 decimal places, e.g. 125.)

Materials

Labour

Price variance

$enter a dollar amount select an option UnfavourableFavourableNeither favourable nor unfavourable $enter a dollar amount select an option UnfavourableNeither favourable nor unfavourableFavourable

Quantity variance

$enter a dollar amount select an option Unfavourable/Favourable/Neither favourable nor unfavourable $enter a dollar amount select an option Neither favourable nor unfavourable/Favourable/Unfavourable

Total variance

$enter a dollar amount select an option Favourable/Unfavourable/Neither favourable nor unfavourable $enter a dollar amount select an option Unfavourable/Favourable/Neither favourable nor unfavourable

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