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The following direct materials and direct labor data pertain to the operations of Laurel Company...

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Accounting

The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August.
\table[[Costs,],[Actual labor rate,$15,per hour],[Actual materials price,$190,perton],[Standard labor rate,$14.50,perhour],[Standard materials price,$193,perton]]
\table[[Quantities],[Actual hours incurred and used,4,600 hours],[Actual quantity of materials purchased and used,1,700 tons],[Standard hours used,4,650 hours],[Standard quantity of materials used,1,680 tons]]
(a)
Compute the total, price, and quantity variances for materials and labor.
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