Why do we want to maximize the Total Surplus? A. This gives all the sellers the most profit
B. This gives buyers the lowest prices
C. If we use another system, all the sellers will probably cheat
D. This generates the biggest benefit to share between buyers and sellers

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.