The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of Au Costs $13 per hour Actual labor rate Actual materials price Standard labor rate Standard materials price $220 per ton $12.50 per hour $224 per ton Quantities Actual hours incurred and used Actual quantity of materials purchased and used Standard hours used Standard quantity of materials used 4,200 hours 1,600 tons 4,280 hours 1,580 tons