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The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August. table [ [ Costs
The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August.
tableCostsActual labor rate,$per hourActual materials price,$pertonStandard labor rate,$per hourStandard materials price,$perton
Actual hours incurred and used hours
Actual quantity of materials purchased and used tons
Standard hours used
hours
Standard quantity of materials used
tons
a
Compute the total, price, and quantity variances for materials and labor.
Total materials variance
$
Materials price variance
Yaterials quantity variance
$
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