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Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (6 pounds at

Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product.

Direct materials (6 pounds at $3.20 per pound) $19.20

Direct labor (1 hours at $12.00 per hour) $12.00

During the month of April, the company manufactures 340 units and incurs the following actual costs.

Direct materials purchased and used (2,500 pounds) $8,250

Direct labor (360 hours) $4,248

Compute the total, price, and quantity variances for materials and labor.

Total materials variance $ U or F

Materials price variance $ U or F

'Materials quantity variance $ U or F

Total labor variance $ U or F

Labor price variance $ U or F

Labor quantity variance $ U or F

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