Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. $20 Direct materials (8 pounds at $2.50 per pound) 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 Compute the total price, and quantity variances for materials and labor. Total materials variance $