The standard cost of a bicycle light includes two units of direct material at $8.00 per unit. During July, the company bought 22,000 units of direct materials at $7.50 each and uses those those materials to produe 10,000 bicycle lights. Compute the total, price, and quantity variance for materials. ACTUAL FLEX PLANNING PRICE VARIANCE QUANTITY VARIANCE TOTAL VARIANCE The standard cost to produce a Lime Scooter includes 3 hours of direct labor at $12.00 per hour. During July, the company incurred 3,500 hours of direct labor at an actual average rate of $12.40 per hour. Compute the total, price, and quantity variance for labor ACTUAL FLEX PLANNING PRICE VARIANCE QUANTITY VARIANCE TOTAL VARIANCE