Direct materials purchased and used (1,900 pounds) Direct labor (700 hours) $7,600 $7,630 Compute the total, price, and quantity variances for materials and labor. Total materials variance 473 Materials price variance Unfavorable Neither favorable nor unfavorable Favorable Materials quantity variance $ Total labor variance Labor price variance Labor quantity variance 110 Click if you would like to Show Work for this question: Open Show Work Exercise 23-7 Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (9 pounds at $3.90 per pound) Direct labor (3 hours at $11.00 per hour) $35.10 $33.00 During the month of April, the company manufactures 230 units and incurs the following actual costs. udy Direct materials purchased and used (1,900 pounds) Direct labor (700 hours) $7,600 $7,630 Compute the total, price, and quantity variances for materials and labor. Total materials variance 473 Materials price variance Materials quantity variance