Question: Please help! Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (7

Please help!

Please help! Levine Inc., which produces a single product, has prepared the

Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (7 pounds at $1.60 per pound) Direct labor (1 hours at $10.00 per hour) $11.20 $10.00 During the month of April, the company manufactures 350 units and incurs the following actual costs. ilable attempts. S..als purchased and used (2,000 pounds) $3,600 Direct labor (370 hours) $3,663 Compute the total, price, and quantity variances for materials and labor. Total materials variance s Materials price variance $ Materials quantity variance Total labor variance Labor price variance Labor quantity variance

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