Exercise 23-7 Nona Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (9 pounds at $3.50 per pound) $31.50 Direct labor (5 hours at $12.00 per hour) $60.00 During the month of April, the company manufactures 230 units and incurs the following actual costs. Direct materials purchased and used (2,400 pounds) Direct labor (1,160 hours) $9,096 $13,758 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 Click if you would like to show Work for this question: Qren Show Work LINK TO TEXT Question Attempts: 0 of 3 used SA