onment Question 4 Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (pounds at $3.30 per pound) $29.70 Direct labor (3 hours at $14.00 per hour $42.00 During the month of April, the company manufactures 290 units and incurs the following actual conta. Direct materials purchased and used (2,660 pounds) 59,310 Direct labor (090 hours) 512,104 Jonize the entries to record the materials and labor variances. (Credit accountities are automatically indented when amount is entered. De notant manually.) Accountles and Explanation Debit Credit (To record material price variance) To record material unitarian