We need to find under:

Calculate Materials Variances:

Materials Price Variance Amount and if it is Favorable or Unfavorable

Materials Quantity Variance Amount and if it is Favorable or Unfavorable

Under Calculate Labor Variances:

Labor Rate Variance Amount and if it is Favorable or Unfavorable

Labor Efficiency Variance Amount and if it is Favorable or Unfavorable

This is a 5301 Managerial Applications of Accounting course.

Cookie Business
Actual Total Cost of Direct Materials	$ 225,000
Standard Total Cost of Direct Materials	$ 224,800
Actual Materials Used	30
Standard Materials Used	31
Actual Direct Labor Rate	$ 15.50
Standard Labor Rate	$ 15.00
Actual Hours Worked	45
Standard Hours Worked	40
	Amount	Favorable/ Unfavorable
Calculate Materials Variances:
Materials Price Variance
Materials Quantity Variance
Calculate Labor Variances:
Labor Rate Variance
Labor Efficiency Variance