David Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (9 pounds at $2.50 per pound) Direct labor (5 hours at $11.00 per hour) $22.50 $55.00 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) $9,840 $14,148 Compute the total, price, and quantity variances for materials and labor. Total materials variance $ $ Materials price variance > Materials quantity variance $