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Urgent Kopecky Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product: Direct materials (6 kg

Urgent

Kopecky Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product:

Direct materials (6 kg at $1.90 per kilogram) $11.40
Direct labour (2.00 hours at $10.10 per hour) $20.20

During the month of April, the company manufactures 260 units and incurs the following actual costs:

Direct materials purchased and used (1,660 kg) $3,403
Direct labour (490 hours) $4,753

Calculate the total, price, and quantity variances for materials and labour.

Materials Labour
Price variance $enter a dollar amount select a type of the variance
$enter a dollar amount select a type of the variance
Quantity variance $enter a dollar amount select a type of the variance
$enter a dollar amount select a type of the variance
Total variance $enter a dollar amount select a type of the variance

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