The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August. Costs Actual labor rate Actual materials price Standard labor rate Standard materials price $16 per hour $160 per ton $15.50 per hour $163 per ton Quantities Actual hours incurred and used Actual quantity of materials purchased and used Standard hours used Standard quantity of materials used 5,000 hours 1,700 tons 5,040 hours 1.675 tons (a) Compute the total, price, and quantity variances for materials and labor. Total materials variance $ Favorable > Materials price variance $ 5100 i Favorable Materials quantity variance $ -4075 i Unfavorable Total labor variance $ 1025 Unfavorable Labor price variance $ -2500 i Unfavorable Labor quantity variance $ Favorable Freberg Company, a division of Dudge Cars, produces automotive batteries. Freberg sells the batteries to its customers for $92 per unit. The variable cost per unit is $55, and fixed costs per unit are $16. Top management of Dudge Cars would like Freberg to transfer 30,000 batteries to another division within the company at a price of $61. Freberg has sufficient excess capacity to provide the 30,000 batteries to the other division. Compute the minimum transfer price that Freberg should accept. Minimum transfer price $