11:13 LTE Done Ch 25 Assigment_ab1b341532f56... UNIVERSITY OF PUERTO RICO AT CAROLINA ADMINISTRATION BUSINESS DEPARTMENT CONT 4006 NAME: DATE: STD, NUM The following direct labor data pertain to the operations of Pearce Corp. for the month of November Actual labor rate $12.25 per hr. Actual hours used 18.000 Standard labor rate $12.00 per hr. Standard hours allowed 17.100 Instructions Prepare a matrix and calculate the labor variances. Price Variance Quantity Variance Total Labor Variance