Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. $20 $36 Direct materials (8 pounds at $2.50 per pound) Direct labor (3 hours at $12.00 per hour) During the month of April, the company manufactures 230 units and incurs the following actual costs. Direct materials purchased and used (1,900 pounds) $5,035 $8,120 Direct labor (700 hours) Journalize the entries to record the materials and labor variances. (Credit account titles are automatically indented when amount ise