Sparkles Company produces and sells a single product with the following standard for the product: Direct...

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Sparkles Company produces and sells a single product with the following standard for the product: Direct Materials 5 kgs. @ 1.50/kg $7.50/unit %3! Direct Labour 1.5 hrs. @ $11.00/hr. = $16.50/unit Actual costs and usage for the month is as follows: Units produced Direct materials purchased $12,800 (8,000 kilograms) 1,400 Direct materials used 7,500 kilograms Direct Labour Cost $22,500 (2,000 hours) Instructions Compute the price and quantity variances for both materials and labour for the month Sparkles Company produces and sells a single product with the following standard for the product: Direct Materials 5 kgs. @ 1.50/kg $7.50/unit %3! Direct Labour 1.5 hrs. @ $11.00/hr. = $16.50/unit Actual costs and usage for the month is as follows: Units produced Direct materials purchased $12,800 (8,000 kilograms) 1,400 Direct materials used 7,500 kilograms Direct Labour Cost $22,500 (2,000 hours) Instructions Compute the price and quantity variances for both materials and labour for the month