Michael Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials ( 6 pounds at $ 1.60 per pound) $ 9.60 Direct labor ( 3 hours at $ 12.00 per hour) $ 36.00 During the month of April, the company manufactures 250 units and incurs the following actual costs. Direct materials purchased and used ( 1,800 pounds) $ 4,050 Direct labor ( 1,200 hours) $ 8,800 Compute the total, price, and quantity variances for materials and labor. Total materials variance $ enter Total materials variance in dollars select an option Materials price variance $ enter Materials price variance in dollars select an option Materials quantity variance $ enter Materials quantity variance in dollars select an option Total labor variance $ enter Total labor variance in dollars select an option Labor price variance $ enter Labor price variance in dollars select an option Labor quantity variance $ enter Labor quantity variance in dollars select an option.