ha nutacturing. which produces a single product, has prepared the tollowing standard cost shet for one unit of the product. Direct materials (6 pounds at $2 per pound) Direct labor (2 hours at $12 per hour) $12 $24 During the month of April, the company manufactures 300 units and incurs the tollowing actual costs. Direct materials purchased and used (1,850 pounds) Direct labor (620 hours) 5$4 070 $7,130 Instructions Compute the total, price, and quantity variances for materials and labor