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Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. $10.80 Direct materials (6 pounds
Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. $10.80 Direct materials (6 pounds at $1.80 per pound) Direct labor (4 hours at $13.00 per hour) $52.00 During the month of April, the company manufactures 170 units and incurs the following actual costs. Direct materials purchased and used (1,900 pounds) Direct labor (720 hours) $3,610 $9,288 Compute the total, price, and quantity variances for materials and labor. Total materials variance Materials price variance Materials quantity variance $ Total labor variance $ Labor price variance Labor quantity variance $
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