The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August. Costs Actual labor rate $14 per hour Actual materials price $180 per ton Standard labor rate $13.50 per hour Standard materials price $183 per ton Quantities Actual hours incurred and used 4,900 hours Actual quantity of materials purchased and used 1,700 tons Standard hours used 4,960 hours Standard quantity of materials used 1.680 tons 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 Q 23.21: The juice 4 Kids Compa each juice box include: 5 ounces of juice costing $0.03 per ounce, 1 box costing $0.04, and 1 straw costing $0.01. The company allows s0.01 per box for spillage during the production process. The standard wage rate is $9.50 per hour, and each juice box requires.02 hours to produce. Total overhead is $750,000, allocated based on direct labor cost, which is expected to be $1,000,000 for the year. As company accountant, your task is to determine the current standard cost for a box of juice. What is your finding? ny makes individual juice boxes containing 100% fruit juice. Materials for A $0.5195 s0.5565 C $0.5425 D $0.5375 St