Answer Happy

Tamarisk Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product Direct materials (6 pounds at $3.20 per pound) Direct labor (1 hours at $12.00 per hour) $19.20 $12.00 During the month of April, the company manufactures 340 units and incurs the following actual costs. Direct materials purchased and used (2,500 pounds) $8.250 Direct labor (360 hours) $4.248 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