The Radiology Department of Davidson Hospital provides the following standards regarding its provision of angiography procedures. Standard Quantity or Hours 1.50 catheters per procedure 2.00 hours per procedure Standard Price or Rate $260.00 per catheter $29.00 per hour Direct materials (cardiac catheters) Direct labor (Angiography Technologist) For the most recent month, the department reported the following actual data: Number of procedures performed Number of catheters purchased and used Total cost of catheters purchased and used Number of direct labor hours Total cost of direct labor Part (a) Compute the price, quantity, and total materials variances. (1) Materials price variance.. (ii) Materials quantity variance.. (iii) Total materials variance... Part (b) Compute the price, quantity, and total labor variances. (1) Labor price variance. (ii) Labor quantity variance... (i) Total labor variance.. 54 88 $22,220 94 $3,066

For the most recent month, the department reported the following actual data: Compute the price, quantity, and total materials variances. Compute the price, quantity, and total labor variances