The following direct materials and direct labor data pertain to the operations of Pharoah Company for the month of August. Costs Actual labor rate 516 per hour Actual materials price $190 perton Standard sborrate $15.50 per hour Standard materials price $192 Derton Quantities Actual hours incurred and used 4000 hours Actual quantity of materials purchased and used 1400 tons Standard hoursused 4070 hour Standard quantity of materials used 130 Compute the total price and variancestorates and labor