Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (8 pounds at $3.30 per pound) Direct labor (1 hours at $12.00 per hour) $26.40 $12.00 During the month of April, the company manufactures 240 units and incurs the following actual costs. Direct materials purchased and used (2,300 pounds) Direct labor (280 hours) $8,050 $3,304 Compute the total, price, and quantity variances for materials and labor. Total materials variance $ Materials price variance Neither favorable nor unfavorable Unfavorable Favorable Materials quantity variance Total labor variance Labor price variance Labor quantity variance