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Pharoah Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (6pounds at $1.60per

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

Direct materials (6pounds at $1.60per pound)$9.60Direct labor (6hours at $10.00per hour)$60.00

During the month of April, the company manufactures310units and incurs the following actual costs.

Direct materials purchased and used (2,400pounds)$4,080Direct labor (1,880hours)$18,612

Compute the total, price, and quantity variances for materials and labor.

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