PROBLEM 10-30 Materials and Labour Variances: Computations from Incomplete Data ILO1, LO2, L03 Talia Company produces a single product. The company has set standards as follows iog materials and labour: Direct Materials Direct Labour Standard quantity or hours per unit.... Standard price or rate Standard cost per unit ? kilograms ? per kilogram 125 hours $10 per hour $12.50 During the past month, the company purchased 3.000 kilograms of direct materials at a cost of $8.250. All of this material was used in the production of 700 units of product. Direct labour cost totalled s6.825 for the month. The following variances have been computed Materials quantity variance.600 U Total materials variance 150 F