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 $1.50 per pound) $15.00 direct labor (5 hours at $13.00 per hour) $65.00 during the month of april, the company manufactures 180 units and incurs the following actual costs. direct materials purchased and used (2,500 pounds) $4,250 direct labor (930 hours) $11,904 compute the total, price, and quantity variances for materials and labor.