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The following direct materials and direct labor data pertain to the operations of Morgan Manufacturing Company for the month of August. Costs Quantities Actual labor
The following direct materials and direct labor data pertain to the operations of Morgan Manufacturing Company for the month of August. Costs Quantities Actual labor rate $13 per hour Actual hours incurred and used 4,200 hours Actual materials price $128 per ton Actual quantity of materials purchases and used 1,225 tons Standard labor rate $12 per hour Standard hours used 4,300 hours Standard materials price $130 per ton Standard quantity of materials used 1,200 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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