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Levine Inc. which produces a sivide product, has prepared the following standard cost sheet for one unit of the product, Direct materials to pounds at $2.20 per pound Direct labor (1 hours at $11.00 per hour) $11.00 $19.00 During the month of April, the company manufactures 310 units and incurs the following actual conta Direct materials purchased and used (1,600 pounds! Director (330 hours $8564 59680 Compute total price and quantity variances for materials and labor Total materials are Materials Vrect labor 330 hours) $3.564 Compute the total price and quantity variances for materials and labor. Total materials variance 5 Materials price variance 5 Material quantity variance 5 Total labor variance $ Labor price vacance 5 Laborat variance $