Question: need help please!! thank you! Current Attempt in Progress * Your answer is incorrect Novak Manufacturing, which produces a single product, has prepared the following

need help please!!

thank you!

Current Attempt in Progress * Your answer is incorrect Novak Manufacturing, which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (6 pounds at $2 per pound) $12 Direct labor (2 hours at 512 per hour) $24 During the month of April the company manufactures 410 units and incurs the following actual costs. $5,764 Direct materials purchased and used (2,620 pounds) Direct labor (830 hours) $9,545 Compute the total price and quantity variances for materials and labor. Identify whether each variance is favorable or unfavorable. Materials Labor Total Variance $ 470 $ Price Variance $ 310 DOO Quantity Variance $ 240

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