Question: Question 4 of 7 - 2 . 2 5 Current Attempt in Progress The following direct materials and direct labor data pertain to the operations

Question 4 of 7
-2.25
Current Attempt in Progress
The following direct materials and direct labor data pertain to the operations of lvanhoe Company for the month of August.
\table[[Costs,],[Actual labor rate,$14,per hour],[Actual materials price,$120,per ton],[Standard labior rate,$13.50,per hour],[Standard materials price,$121,per ton]]
\table[[Quantities],[Actual hours incurred and used,3,900 hours],[Actual quantity of materials purchased and used,2,000 tons],[Standard hours used,3,950 hours],[Standard quantity of materials used,1,980 tons]]
(a)
Compute the total, price, and quantity variances for materials and labor.
Total materials variance $
Materials price variance $
Materials quantity variance $
Total labor variance
$
Question 4 of 7 - 2 . 2 5 Current Attempt in

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