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

Direct materials (9pounds at $3.70per pound)$33.30Direct labor (5hours at $11.00per hour)$55.00

During the month of April, the company manufactures340units and incurs the following actual costs.

Direct materials purchased and used (1,500pounds)$5,850Direct labor (1,730hours)$18,684

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

Total materials variance$

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Neither favorable nor unfavorableFavorableUnfavorable Materials price variance$

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Neither favorable nor unfavorableUnfavorableFavorable Materials quantity variance$

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FavorableUnfavorableNeither favorable nor unfavorable Total labor variance$

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select an option

FavorableNeither favorable nor unfavorableUnfavorable Labor price variance$

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select an option

UnfavorableFavorableNeither favorable nor unfavorable Labor quantity variance$

enter a dollar amount

select an option

UnfavorableNeither favorable nor unfavorableFavorable