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 $15 per hour $180 per ton Actual materials price Standard labor rate Standard materials price $14.50 per hour $182 per ton Quantities Actual hours incurred and used 4,700 hours Actual quantity of materials purchased and used Standard hours used 1.900 tons 4,760 hours Standard quantity of materials used 1,890 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