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Question 3 Cheyenne Inc., which produces a single product, has prepared the following standard cost...

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Question 3 Cheyenne Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (10 pounds at $1.50 per pound) Direct labor (5 hours at $13.00 per hour) $15.00 $65.00 During the month of April, the company manufactures 180 units and incurs the following actual costs. Direct materials purchased and used (2,500 pounds) Direct labor (930 hours) $4,250 $11,904 Compute the total, price, and quantity variances for materials and labor. Total materials variance Materials price variance Materials quantity variance Total labor variance Labor price variance Labor quantity variance Click if you would like to Show Work for this question: Open Show Work How many actual direct labor hours were worked during the period? Actual direct labor hours hours What was the actual rate paid per direct labor hour? (Round answer to 2 decimal places, e.g. 1.25.) Actual rate paid per direct labor hour /hr Click if you would like to Show Work for this question: Open Show Work

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