Question

Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product.

Direct materials (6 pounds at $1.80 per pound)		$10.80
Direct labor (4 hours at $13.00 per hour)		$52.00

During the month of April, the company manufactures 170 units and incurs the following actual costs.

Direct materials purchased and used (1,900 pounds)		$3,610
Direct labor (720 hours)		$9,288

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

Total materials variance		$enter a dollar amount		select an option Neither favorable nor unfavorableUnfavorableFavorable
Materials price variance		$enter a dollar amount		select an option Neither favorable nor unfavorableFavorableUnfavorable
Materials quantity variance		$enter a dollar amount		select an option UnfavorableNeither favorable nor unfavorableFavorable
Total labor variance		$enter a dollar amount		select an option UnfavorableNeither favorable nor unfavorableFavorable
Labor price variance		$enter a dollar amount		select an option Neither favorable nor unfavorableFavorableUnfavorable
Labor quantity variance		$enter a dollar amount		select an option Neither favorable nor unfavorableUnfavorableFavorable

Answer 1