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)$29.00Direct labor (3hours at $13.00per hour)$39.00

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

Direct materials purchased and used (2,100pounds)$6,510Direct labor (1,080hours)$13,932

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

• Total materials variance$

enter a dollar amount

select an option

Unfavorable

Favorable

Neither favorable nor unfavorable

• Materials price variance$

enter a dollar amount

select an option

Neither favorable nor unfavorable

Unfavorable

Favorable

• Materials quantity variance$

enter a dollar amount

select an option

Unfavorable

Neither favorable nor unfavorable

Favorable

• Total labor variance$

enter a dollar amount

select an option

Neither favorable nor unfavorable

Unfavorable

Favorable

• Labor price variance$

enter a dollar amount

select an option

Favorable

Neither favorable nor unfavorable

Unfavorable

Labor quantity variance$

enter a dollar amount

select an option

Favorable

Neither favorable nor unfavorable

Unfavorable