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The following direct materials and direct labor data pertain to the operations of Crane Company for the month of August. Costs Actual labor rate $14

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

Costs

Actual labor rate $14 per hour
Actual materials price $220 per ton
Standard labor rate $13.50 per hour
Standard materials price $222 per ton

Quantities

Actual hours incurred and used 4,100 hours
Actual quantity of materials purchased and used 1,600 tons
Standard hours used 4,180 hours
Standard quantity of materials used 1,580 tons

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

Total materials variance $enter a dollar amount select an option UnfavorableNeither favorable nor unfavorableFavorable
Materials price variance $enter a dollar amount select an option Neither favorable nor unfavorableUnfavorableFavorable
Materials quantity variance $enter a dollar amount select an option FavorableNeither favorable nor unfavorableUnfavorable
Total labor variance $enter a dollar amount select an option FavorableNeither favorable nor unfavorableUnfavorable
Labor price variance $enter a dollar amount select an option FavorableUnfavorableNeither favorable nor unfavorable
Labor quantity variance $enter a dollar amount select an option Neither favorable nor unfavorableUnfavorableFavorable

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