Sheridan Inc, which produces a single product, has prepared the following standard cost sheet for one unit of the product Direct materials (6.00 kg at $2.50 per kilogram) Direct labour (2.00 hours at $10.00 per hour) $15.00 $20.00 During the month of April, the company manufactures 250 units and incurs the following actual costs: Direct materials purchased and used (1.600 kg) $4,160 Direct labour (480 hours) $4,656 Calculate the total, price, and quantity variances for materials and labour. (Round intermediate calculations to 2 decimal places, eg. 1.25 and final answer to O decimal places, eg. 125) Price variance Quantity variance $ Total variance $ Materials Lab