Your answer is incorrect. Stefani Company has gathered the following information about its product. Direct moterials: Each unit of product contains 4.20 pounds of materials. The average waste and spoilage per unit produced under normal conditions pound cost $1 per pound, but Stefani always takes the 2.00% cash discount all of its suppliers offer. Freight costs average $0.45 per unit requires 1.60 hours of labor. Setup, cleanup, and downtime average 0.20 hours per unit. The average hourly pay rate of Stefanil's employees is $12.30. Payroll taxes and fringe benefits are an additional $2.40 per hour Manufacturing overhead Overhead is applied at a rate of $6.60 per direct labor hour. Compute Stefani's total standard cost per unit. (Round answer to 2 decimal places, eg. 1.25) Total standard cost per unit $ 48947 Levine Inc, which produces a single product,has prepared the following standard cost sheet for one unit of the product. Direct materials (10 pounds at $2 20 per pound) $22.00 Direct labor (4 hours at $10.00 per hour) $40.00 During the month of April, the company manufactures 260 units and incurs the following actual costs. Direct materials purchased and used (1,900 pounds) Direct labor (1,080 hours) $4,370 $10,584 Compute the total, price, and quantity variances for materials and labor. Total materials variance $ Materials price variance Materials quantityvariance Total labor variance Labor price variance Labor quantity variance $