Reference no: EM131804071

Question - The following direct materials and direct labor data pertain to the operations of Morgan Manufacturing Company for the month of August.

Costs

Quantities

Actual labor rate $13 per hour Actual hours incurred and used 4,200 hours

Actual materials price $128 per ton Actual quantity of materials purchases and used 1,225 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.

Total materials variance $

Materials price variance $

Materials quantity variance $

Total labor variance $

Labor price variance $

Labor quantity variance $