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View Policies Current Attempt in Progress Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of
View Policies Current Attempt in Progress Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (9 pounds at $2.20 per pound) $19.80 Direct labor (1 hours at $11.00 per hour) $11.00 During the month of April, the company manufactures 310 units and incurs the following actual costs Direct materials purchased and used (1.600 pounds) $3,680 Direct labor (330 hours) $3.564 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
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