Question - Pietro's Pizza has established the following standards for making one pizza:
Dough: 0.4 pounds $3 per pound
Labor: 0.25 hours at $10 per hour
Actual Sales Volume for the past month was 7,000 units
Actual Dough Price and Quantity: 1,750 pounds (total) at $2.25 per pound
Actual Labor Price and Quantity: 2100 hours (total) at $15 per hour
What are the input price and quantity variances for dough? And what are the input price and quantity variances for labor?