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

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

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

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

Direct materials purchased and used (1,900 pounds)

$5,035

Direct labor (700 hours)

$8,120

Direct materials (8 pounds at $2.50 per pound)

$20

Direct labor (3 hours at $12.00 per hour)

$36

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