Levine inc., which produces a single product, has prepared the

Levine inc., which produces a single product, has prepared the

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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 (9 pounds at $2.20 per pound)
 
$19.80

Direct labor (1 hours at $11.00 per hour)
 
$11.00

During the month of April, the company manufactures 310 units and incurs the following actual costs.

Direct materials purchased and used (1,600 pounds)
 
$3,680

Direct labor (330 hours)
 
$3,564

Compute the total, price, and quantity variances for materials and labor.

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