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

Direct materials (10 pounds at $3.50 per pound)		$35.00
Direct labor (1 hours at $12.00 per hour)		$12.00

During the month of April, the company manufactures 200 units and incurs the following actual costs.

Direct materials purchased and used (2,050 pounds)		$7,585
Direct labor (220 hours)		$2,552

Journalize the entries to record the materials and labor variances. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit
(To record materials price variance)
(To record materials quantity variance)
(To record labor price variance)
(To record labor quantity variance)