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 $2.70 per pound) $27.00 Direct labor (6 hours at $12.00 per hour) $72.00 During the month of April, the company manufactures 320 units and incurs the following actual costs. Direct materials purchased and used (1,700 pounds) $4,760 Direct labor (1,940 hours) $22,892.

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:

Show work and explanations.