Exercise 11-22 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 $2.80 per pound) Direct labor (6 hours at $14.00 per hour) During the month of April, the company manufactures 160 units and incurs the following actual costs. Direct materials purchased and used (1,330 pounds) Direct labor (990 hours) Journalize the entries to record the materials and labor variances. (Credit account titles are automatically indented when amount is entered. Do not indent manually $22.40 $84.00 $3,857 $13,563 Round answers to 0 decimal places, e.g. 125.)