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The following direct materials and direct labor data pertain to the operations of Ivanhoe Company for the month of August. table [ [ Costs

The following direct materials and direct labor data pertain to the operations of Ivanhoe Company for the month of August.
\table[[Costs,],[Actual labor rate,$15,perhour,],[Actual materials price,$180,perton,],[Standard labor rate,$14.50,perhour,],[Standard materials price,$182,perton,],[Quantities],[Actual hours incurred and used,4,700 hours],[Actual quantity of materials purchased and used,900 tons],[Standard hours used,,,760 hours],[Standard quantity of ma,ials used,,390 tons]]
(a)
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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