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Kopecky Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product:
| Direct materials (6 kg at $1.90 per kilogram) | | $11.40 | |
| Direct labour (2.00 hours at $10.10 per hour) | | $20.20 | |
During the month of April, the company manufactures 260 units and incurs the following actual costs:
| Direct materials purchased and used (1,660 kg) | | $3,403 | |
| Direct labour (490 hours) | | $4,753 | |
Calculate the total, price, and quantity variances for materials and labour.
| | | Materials | | Labour | |
| Price variance | | $enter a dollar amount | select a type of the variance |
| | | $enter a dollar amount | select a type of the variance |
| | |
| Quantity variance | | $enter a dollar amount | select a type of the variance |
| | | $enter a dollar amount | select a type of the variance |
| | |
| Total variance | | $enter a dollar amount | select a type of the variance |
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