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 (8 pounds at $250 per pound) $20 Direct labor (3 hours at $1200 per hour) $36 During the month of April, the company manufactures 230 units and incurs the following actual costs. $5,035 Direct materials purchased and used (1.900 pounds) Direct labor (700 hours) $8.120 Compute the total, price, and quantity variances for materials and labor. Total materials variance $ Materiais price variance $ Materials quantity variance s $ Total labor variance Compute the total price and quantity variances for materials and labor. Total materials variance $ LA Materials price variance s Materials quantity variance $ Total labor variance $ Labor price variance $ S Labor quantity variance e Textbook and Media Sumat A Attempts: 0 of 3 used