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E11-7 Nona Inc., which produces a single product,

Price: $1.99


E11-7 Nona 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 235 units and incurs the
following actual costs.

Direct materials purchased and used (1,900 pounds)  $5,035
Direct labor (700 hours)  $8,260

Instructions
Compute the total, price, and quantity variances for materials and labor.

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