Exercise 11-7 (Video) 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 $2.20 per pound) Direct labor (1 hours at $11.00 per hour) During the month of April, the company manufactures 310 units and incurs the following actual costs. Direct materials purchased and used (1,600 pounds) Direct labor (330 hours) $19.80 $11.00 $3,680 $3,564