0.83/1 Question 4 View Policies Show Attempt History Current Attempt in Progress - Your answer is partially correct. Mordica Company's standard labor cost per unit of output is $24.20 (2.20 hours x $11.00 per hour). During August, the company incurs 2.420 hours of direct labor at an hourly cost of $12.10 per hour in making 1.000 units of finished product Compute the total price and quantity labor variances. (Round answers to 2 decimal places, eg. 52.75) Total labor variance 5 (5082) i Unfavorable Labor price variance $ (2662) i Unfavorable Labor quantity variance $ 4620 Unfavorable Texthank and Media