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Nona Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (8 pounds at

Nona Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product.

Direct materials (8 pounds at $2.50 per pound) $20.00
Direct labor (3 hours at $12.00 per hour) $36.00

During the month of April, the company manufactures 235 units and incurs the following actual costs.

Direct materials purchased and used (1,900 pounds) $5,035
Direct labor (700 hours) $8,260
Compute the total, price, and quantity variances for materials and labor. (need help with the rest, thanks!)
Total material variance=(AQ x AP)-(SQ x SP) --> (1,900 x $2.65) - (1,880 x $2,50) = $335 Unfavorable
Total Material price variance=(AQ x AP) - (AQ x SP)--> (1,900 x $2.65) - (1,900 x $2.50) = $285 Unfavorable
Material quanity variance = (AQ x SP) - (SQ x SP)--> (1,900 x $2.50) - (___ x $2.50) = $____ Fav. or Unfav.
Total lavor variance = (AH x AR) - (SH x SR)--> (___x___) - (___x___) = $____ Fav. or Unfav.
Labor price variance = (AH x AR) - (AH x SR)--> (___x___) - (___x___) = $____ Fav. or Unfav.
Labor quantity variance - (AH x SR) - (SH x SR)--> (___x___) - (___x___) = $____ Fav. or Unfav.

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