Exercise 25-7 Your answer is partially correct. Try again. Nona Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product Direct materials (10 pounds at $3.60 per pound) $36.00 $44.00 Direct labor (4 hours at $11.00 per hour) During the month of April, the company manufactures 280 units and incurs the following actual coats. Direct materials purchased and used (1,500 pounds) S5,745 $12,S63 Direct labor (1,160 hours) Compute the totel, price, and quentity variances for materials and lebor. Total materials variance 345 Materials price variance 2600 Materials quantity variance 225S Total labor variancc 107 TUnfavorable Labor price variance 440 Favorable Labor quantity variance 333 Unfavorable