he following direct materials and direct labor data pertain to the operations of

he following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August.CostsActual labor rate $12 per hourActual materials price $251 per tonStandard labor rate $11 per hourStandard materials price $253 per tonQuantitiesActual hours incurred and used 3760 hoursActual quantity of materials purchased and used 1008 tonsStandard hours used 3824 hoursStandard quantity of materials used 989 tonsCompute 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 $