(View Policies Current Attempt in Progress Concord Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (9 pounds at $ 3.70 per pound) $33.30 Direct labor ( 5 hours at $ 11.00 per hour) $ 55.00 During the month of April, the company manufactures 340 units and incurs the following actual costs. Direct materials purchased and used ( 1,500 pounds) $ 5,850 Direct labor ( 1,730 hours) $ 18,684 Compute the total, price, and quantity variances for materials and labor. Total materials variance $ Materials price variance $ Materials quantity variance $ Total labor variance $ Labor price variance $ Labor quantity variance $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit