In Job Order Costing, the balance in the Work in Process account equals:a) the balance in the Finished Goods inventory account. B)the balance in the Cost of Goods Sold account. c)the balances on the job cost sheets of uncompleted jobs. d) the balance in the Manufacturing Overhead account.

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 $1.80 per pound) $16.20 direct labor (6 hours at $14.00 per hour) $84.00 during the month of april, the company manufactures 270 units and incurs the following actual costs. direct materials purchased and used (2,500 pounds) $5,000 direct labor (1,660 hours) $22,908 compute the total, price, and quantity variances for materials and labor.