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Ravienda industries provide the following information about its standard costing system for 2014: standard data Material 10lbs @$4 per lbs labor 3hrs @$22 per hr

Ravienda industries provide the following information about its standard costing system for 2014:

standard data

Material 10lbs @$4 per lbs

labor 3hrs @$22 per hr

budgeted production 3500 units

Actual data

Produced 4000 units

materials 50000 lb

purchased $210000

material used 41000lbs

labor worked 11000hrs costing $220000

calculate 1) the labor price variance 2) the labor quantity variance 3)total labor variance 4) the material price variance 5)material quantity variance 6)total material variance

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