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The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August. table [ [ Costs
The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August.
tableCostsActual labor rate,$per hourActual materials price,$per tonStandard labor rate,$per hourStandard materials price,$per ton
tableQuantitiesActual hours incurred and used, hoursActual quantity of materials purchased and used, tonsStandard hours used, hoursStandard quantity of materials used, tons
a
Smpute the total, price, and quantity variances for materials and labor.
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