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

Direct materials (6 pounds at $3.00 per pound) $18.00

Direct labor (6 hours at $14.00 per hour) $84.00

During the month of April, the company manufactures 150 units and incurs the following actual costs.

Direct materials purchased and used (930 pounds) $2,976 Direct labor (930 hours) $12,834

Journalize the entries to record the materials and labor variances.