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

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

Costs

Actual labor rate $ 13 per hour
Actual materials price $ 110 per ton
Standard labor rate $ 12.50 per hour
Standard materials price $ 111 per ton

Quantities

Actual hours incurred and used 4,500 hours
Actual quantity of materials purchased and used 1,600 tons
Standard hours used 4,580 hours
Standard quantity of materials used 1,575 tons

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

Total materials variance
Materials price variance
Materials quantity variance
Total labor variance
Labor price variance
Labor quantity variance

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