Levine 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 50 per pound) Direct labor (3 hours at $12 per hour) $20 $36 During the month of April, the company manufactures 230 units and incurs the ftollowing actual costs. Direct materials purchased and used (1,900 pour $5,035 Direct labor (700 hours) $8,120 NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?" (a) Total Materials Variance: AQXAPminus SQXSP) ValueXValueminusVae X Value ?minus Value Materials price variance: AQXAP minus2 minusAQXSP