Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (7 pounds at $1.60 per pound) Direct labor (1 hours at $10.00 per hour) $11.20 $10.00 During the month of April, the company manufactures 350 units and incurs the following actual costs. $3,600 Direct materials purchased and used (2,000 pounds) Direct labor (370 hours) $3,663 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 4 $ Labor quantity variance $ Click if you would like to Show Work for this question: Open Show Work