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The following direct materials and direct labor data pertain to the operations of Pronghorn Company for the month of August. Costs Actual labor rate $17.20

The following direct materials and direct labor data pertain to the operations of Pronghorn Company for the month of August.

Costs

Actual labor rate $17.20 per hour
Actual materials price $130.00 per ton
Standard labor rate $14.20 per hour
Standard materials price $132.00 per ton

Quantities

Actual hours incurred and used 4,440 hours
Actual quantity of materials purchased and used 1,256 tons
Standard hours used 4,700 hours
Standard quantity of materials used 1,220 tons

(a) Compute the total, price, and quantity variances for materials and labor.

Total materials variance $enter Total materials variance in dollars select an option Neither favorable nor unfavorableUnfavorableFavorable
Materials price variance $enter Materials price variance in dollars select an option Neither favorable nor unfavorableFavorableUnfavorable
Materials quantity variance $enter Materials quantity variance in dollars select an option FavorableUnfavorableNeither favorable nor unfavorable
Total labor variance $enter Total labor variance in dollars select an option FavorableNeither favorable nor unfavorableUnfavorable
Labor price variance $enter Labor price variance in dollars select an option Neither favorable nor unfavorableFavorableUnfavorable
Labor quantity variance $enter Labor quantity variance in dollars select an option Neither favorable nor unfavorableFavorableUnfavorable

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