Levine Inc., which produces a single product, has prepared the following standard cost sheet for...
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Accounting
Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (8 pounds at $1.80 per pound) $14.40 Direct labor (6 hours at $14.00 per hour) $84.00 During the month of April, the company manufactures 230 units and incurs the following actual costs. Direct materials purchased and used (1,500 pounds) $2,850 Direct labor (1,410 hours) $19,458 Compute the total, price, and quantity variances for materials and labor. Total materials variance $ ta Materials price variance $ Materials quantity variance $ Total labor variance $ Labor price variance $ Labor quantity variance $
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