View Policies 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 (10 pounds at $2.20 per pound) Direct labor (4 hours at $10.00 per hour) $22.00 $40.00 During the month of April, the company manufactures 260 units and incurs the following actual costs. Direct materials purchased and used (1.900 pounds) Direct labor (1,080 hours) $4,370 $10,584 Compute the total price and quantity variances for materials and labor. Total materials variance $ > Materials price variance Materials quantity variance Total labor variance $ $ $ > Labor price variance $ Labor quantity variance $