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 $3.30 per pound)		$26.40
Direct labor (1 hours at $12.00 per hour)		$12.00

During the month of April, the company manufactures 240 units and incurs the following actual costs.

Direct materials purchased and used (2,300 pounds)		$8,050
Direct labor (280 hours)		$3,304

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

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 $3.30 per pound) Direct labor (1 hours at $12.00 per hour) During the month of April, the company manufactures 240 units and incurs the following actual costs. Direct materials purchased and used (2,300 pounds) Direct labor (280 hours) Total materials variance Compute the total, price, and quantity variances for materials and labor. Materials price variance Materials quantity variance Total labor variance Labor price variance Labor quantity variance $ $ $ $26.40 $12.00 $ $ $ $8,050 $3,304