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

Costs
Actual labor rate		$13	per hour
Actual materials price		$130	per ton
Standard labor rate		$12.50	per hour
Standard materials price		$133	per ton

Quantities
Actual hours incurred and used		4,000 hours
Actual quantity of materials purchased and used		1,900 tons
Standard hours used		4,080 hours
Standard quantity of materials used		1,880 tons

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

Total materials variance		$		Favorable (correct)
Materials price variance		$		Favorable (correct)
Materials quantity variance		$		Unfavorable (correct)
Total labor variance		$		Unfavorable (correct)
Labor price variance		$		Neither favorable nor unfavorableUnfavorableFavorable
Labor quantity variance		$		FavorableUnfavorableNeither favorable nor unfavorable