Current Aflempt Levine Inc. which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (10 pounds at $2.70 per pound) $27.00 Direct labor (6 hours at $12,00 per hour) $72.00 During the month of April, the company manufactures 320 units and incurs the following actual costs. $4,760 Direct materials purchased and used (1.700 pounds) Direct labor (1,940 hours) $22,892 Compute the total price, and quantity variances for materials and labor. Total materials variance $ Materials price variance $ Materials quantity variance During the month of April, the company manufactures 320 units and incurs the following actual costs. $4.760 Direct materials purchased and used (1,700 pounds) Direct labor (1.940 hours) $22,892 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 $