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

Direct materials (7 pounds at $1.60 per pound)		$11.20
Direct labor (1 hours at $10.00 per hour)		$10.00

During the month of April, the company manufactures 350 units and incurs the following actual costs.

Direct materials purchased and used (2,000 pounds)		$3,600
Direct labor (370 hours)		$3,663

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

Total materials variance		$enter a dollar amount		select a type of the variance FavorableUnfavorableNeither favorable nor unfavorable
Materials price variance		$enter a dollar amount		select a type of the variance FavorableNeither favorable nor unfavorableUnfavorable
Materials quantity variance		$enter a dollar amount		select a type of the variance UnfavorableNeither favorable nor unfavorableFavorable
Total labor variance		$enter a dollar amount		select a type of the variance FavorableNeither favorable nor unfavorableUnfavorable
Labor price variance		$enter a dollar amount		select a type of the variance FavorableUnfavorableNeither favorable nor unfavorable
Labor quantity variance		$enter a dollar amount		select a type of the variance FavorableNeither favorable nor unfavorableUnfavorable