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 $2.50 per pound)$20 Direct labor (3 hours at $12.00 per hour)$36

During the month of April, the company manufactures 230 units and incurs the following actual costs.

Direct materials purchased and used (1,900 pounds)$5,035 Direct labor (700 hours)$8,120

Instructions:

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