Question - Here are the following standards for making one pizza:
Dough: 0.4 pounds at $3 per pound
Labor: 0.25 hours at $10 per hours
Actual sales volume for the month was 7,000 units
Actual dough: 1750 pounds (total) for $2.25
Actual labor: 2100 hours (total) at $15 per hour
What are the input price variances for dough and labor?