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Novak Manufacturing, which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (6 pounds at $2 per pound) $12 Direct labor (2 hours at $12 per hour) $24 During the month of April, the company manufactures 410 units and incurs the following actual costs. Direct materials purchased and used (2,620 pounds) $5,764 Direct labor (830 hours) $9,545 Compute the total, price, and quantity variances for materials and labor. Identify whether each variance is favorable or unfavorable. Materials Labor Total Variance Price Variance $ $ Quantity Variance $ s