The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August Costs Actual laborale $13 ger hour Actual material price $120 perton Standard labor rate $12.50 per hour Standard materials price 5124 perton Quantities Actuall hours incurred and used Actual quantity of materials purchased and used Standard hours used Standard quantity of materials used (A) 4900 hours 2000 tons 4.950 bours 1.990 to Standard hours used 4,960 hours Standard quantity of materials used 1.990 tons (A) Compute the total, price, and quantity variances for materials and labor. Total materials variance S Material price variance S Materials quantity variance i Total labor variance Labor price variance Labor quantity variance
