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

Direct materials (10pounds at $2.90per pound) $29.00

Direct labor (3hours at $13.00per hour) $39.00

During the month of April, the company manufactures350units and incurs the following actual costs.

Total materials variance Materials price variance Materials quantity variance Total labor variance Labor price variance Labor quantity variance Neither favorable nor unfavorable Unfavorable Favorable