The following direct materials and direct labor data pertain to the operations of Blossom Company for the month of August. Costs Actual labor rate $15 per hour Actual materials price $220 per ton Standard labor rate $14.50 per hour Standard materials price $224 per ton Quantities Actual hours incurred and used 3.500 hours Actual quantity of materials purchased and used 1.500 tons Standard hours used 3.550 hours Standard quantity of materials used 1.480 tons la) Compute the total. price. and quantity variances for materials and labor