Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (10 pounds at $2.90 per pound) Direct labor (3 hours at $13.00 per hour) $29.00 $39.00 During the month of April, the company manufactures 350 units and incurs the following actual costs. Direct materials purchased and used (2,100 pounds) $6,510 Direct labor (1,080 hours) $13.932 Compute the total, price, and quantity variances for materials and labor. $ Total materials variance Materials price variance Materials quantity variance Total labor variance Labor price variance $ > $ Labor quantity variance $ Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (10 pounds at $2.90 per pound) $29.00 Direct labor (3 hours at $13.00 per hour) $39.00 During the month of April, the company manufactures 350 units and incurs the following actual costs. Direct materials purchased and used (2,100 pounds) $6,510 Direct labor (1,080 hours) $13,932 Compute the total price, and quantity variances for materials and labor, $ Favorable Unfavorable Nolther favorable nor unfavorable $ Total materials variance Materials price variance Materials quantity variance Total labor variance Labor price variance Labor quantity variance $ S $ Save for Later Attempts: 0 of 1 used Submit