Question 26

The following direct materials and direct labour data are for the operations of Batista Manufacturing Company for the month of August:

CostsQuantitiesActual labour rate

$16

per hourActual hours incurred and used

3,210hoursActual materials price

$90per tonneActual quantity of materials purchased and used

930tonnesStandard labour rate

$15per hourStandard hours used

3,250hours

Standard materials price

$91per tonne

Standard quantity of materials used

920tonnes

(a)Calculate the total, price, and quantity variances for materials and labour. Aslo mention the type of variances for each