Mordica Companys standard labor cost per unit of output is $22 (2 hours 3 $11 per hour).

Question:

Mordica Company’s standard labor cost per unit of output is $22 (2 hours 3 $11 per hour). During August, the company incurs 2,150 hours of direct labor at an hourly cost of $10.80 per hour in making 1,000 units of fnished product. Compute the total, price, and quantity labor variances.