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 (8 pounds at $2.00 per pound) Direct labor (3 hours at $11.00 per hour) During the month of April, the company manufactures 190 units and incurs the following actual costs. Direct materials purchased and used (2,400 pounds) Direct labor (590 hours) Compute the total, price, and quantity variances for materials and labor. $16.00 $33.00 $5,496 $6,378 Total materials variance Materials price variance Material Total labor variance Labor price variance Labor quantity variance Click if you would like to Show Work for this question: Is quantity variance Open Show Work