The following direct materials and direct labor data pertain to the operations o

ID: 2449488 • Letter: T

Question

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

Costs

Quantities

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:

Costs

Actual labor rate $15 per hour Actual materials price $255 per ton Standard labor rate $14 per hour Standard materials price $258 per ton

The following direct materials and direct labor data pertain to the operations o

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