Crane Inc., which produces a single product. has prepared the following standard cost sheet for one unit ofthe product. Direct materials {6 pounds at $1.50 per pound) $9.00 Direct labor {1 hours at $10.00 per hour) $10.00 During the month of April, the company manufactures 150 units and incurs the following actual costs. Direct materials purchased and used (1,500 pounds} $2.400 Direct labor {160 hours) $1,584 Compute the total, price. and quantity variances for materials and labor. Total materials variance $ v Materials price variance $ V Materials quantity variance $ v Total labor variance $ v Labor price variance $ V Labor quantity variance $ V