The following direct materials and direct labor data pertain to the operations of Batista Manufacturing Company for the month of August.
Costs Quantities Actual labor rate $13 per hour Actual hours incurred and used 4,250 hours
- Actual materials price $128 per ton Actual quantity of materials purchased and used 1,250 tons
- Standard labor rate $12 per hour Standard hours used 4,300 hours
- Standard materials price $130 per ton Standard quantity of materials used 1,200 tons
- Compute the total, price, and quantity variances for materials and labor.