Computing materials, labor, and cost variance The following data were drawn from the records of Quentin Corporation: Planned volume for year (static budget) 6,000 units Standard direct materials cost per unit 3.1 pounds @ $3.00 per pound Standard direct labor cost per unit 2 hours @ $8.00 per hour Total expected fixed overhead costs $56,400 Actual volume for the year (flexible budget) 6,300 units Actual direct materials cost per unit 2.7 pounds @$4.00 per pound Actual direct labor cost per unit 2.3 hours @$7.20 per hour Total actual fixed overhead costs $45,000 Required Prepare a materials variance information table showing the standard price, the actual price, the standard quantity, and the actual quantity