The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August. Costs Actual labor rate $15 per hour Actual materials price $260 per ton Standard labor rate $14.50 per hour Standard materials price $262 per ton Quantities Actual hours incurred and used 4,100 hours Actual quantity of materials purchased and used 1,500 tons Standard hours used 4,190 hours Standard quantity of materials used 1,485 tons (a) Compute the total, price, and quantity variances for materials and labor.

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