BlaLuualui TRAS NU Accounting, 8e 32 AM / Remaining: 29 min. CALCULATOR BACK NEXT > Levine Inc., W an produces a singre prouutt, nas prepared the Tonowing standard cost sheet for one unit of the product. Direct materials (8 pounds at $2.40 per pound) Direct labor (5 hours at $12.00 per hour) $19.20 $60.00 During the month of April, the company manufactures 260 units and incurs the following actual costs. Direct materials purchased and used (2,400 pounds) Direct labor (1,310 hours) $6,240 $15,458 lvo Compute the total, price, and quantity variances for materials and labor. Ivord Total materials variance Materials price variance pleFa Materials quantity variance Total labor variance Labor price variance