Haslett Inc, which produces a single product,has prepared the following standard cost sheet for one unit of the product.
Direct materials(8 pounds at $2.50 per pound) $20
Direct labor(3 hours at $12.00 per hour)$36
during the month of April, the company manufactures 230units and incurs the following actual costs.
Direct materials purchased and used(1900 pounds)$4940
Direct labor(700 hours)$8120
computer the total,price,and quantity variances for materials and labor