--/18 Question 4 View Policies Current Attempt in Progress The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August. Costs Actual labor rate $16 per hour Actual materials price $110 per ton Standard labor rate $15.50 per hour Standard materials price $112 per ton Quantities Actual hours incurred and used 4,500 hou Actual quantity of materials purchased and used 1,100 ton Standard hours used 4,540 hou Standard quantity of materials used 1,085 ton (a) Compute the total price, and quantity variances for materials and labor. Total materials variances Materials price variance Materials quantity variance Total labor variance Labor price variance Labor quantity variance