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The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August. Costs Actual labor rate $14

The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August.

Costs

Actual labor rate $14 per hour
Actual materials price $211 per ton
Standard labor rate $13 per hour
Standard materials price $213 per ton

Quantities

Actual hours incurred and used 4,579 hours
Actual quantity of materials purchased and used 1,336 tons
Standard hours used 4,661 hours
Standard quantity of materials used 1,324 tons

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

Total materials variance

Materials price variance

Materials quantity variance

Total labor variance

Labor price variance

Labor quantity variance

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