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

Direct materials (9pounds at $3.90per pound)$35.10Direct labor (6hours at $13.00per hour)$78.00

During the month of April, the company manufactures220units and incurs the following actual costs.

Direct materials purchased and used (2,500pounds)$10,250Direct labor (1,340hours)$17,152

Compute the total, price, and quantity variances for materials and labor.

Total materials variance$

Favorable

Neither favorable nor unfavorable

Unfavorable

Materials price variance$

Neither favorable nor unfavorable

Unfavorable

Favorable

Materials quantity variance$

Favorable

Unfavorable

Neither favorable nor unfavorable

Total labor variance$

Unfavorable

Neither favorable nor unfavorable

Favorable

Labor price variance$

Neither favorable nor unfavorable

Favorable

Unfavorable

Labor quantity variance$

Unfavorable

Favorable

Neither favorable nor unfavorable