(Answered) Assignmentlevine inc which produces a single product has

Accounting

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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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