The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August.
tableCostsActual labor rate,$per hourActual materials price,$pertonStandard labor rate,$perhourStandard materials price,$perton
tableQuantitiesActual hours incurred and used, hoursActual quantity of materials purchased and used, tonsStandard hours used, hoursStandard quantity of materials used, tons
a
Compute the total, price, and quantity variances for materials and labor.
