Current Attempt in Progress Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. View Policies Direct materials (9 pounds at $1.80 per pound) $16.20 Direct labor (6 hours at $14.00 per hour) $84.00 During the month of April, the company manufactures 270 units and incurs the following actual costs. Direct materials purchased and used (2,500 pounds) $5,000 Direct labor (1,660 hours) $22,908 Compute the total, price, and quantity variances for materials and labor. Total materials variance $ 626.00 Unfavorable Materials price variance $ 500.00 Unfavorable Materials quantity variance $ 126.00 Unfavorable Total labor variance $ 228.00 Unfavorable Labor price variance $ 332.00 Favorable Labor quantity variance $ 560.00 Unfavorable >