13) The standard cost of Product G includes 3 hours of direct labor at $12.00 per hour. The predetermined overhead rate is $20.00 per direct labor hour. During July, the com incurred 3,500 hours of direct labor at an average rate of $12.40 per hour and $71 manufacturing overhead costs. It produced 1,200 units. Compute the price variance, the quantity variance, the total variance for labor. Indicate whether the variance is favorable or unfavorable. Figure the solutions below and record your man answers in the space provided. Labor Rate Variance: Labor Efficiency Variance: Total Spending Variance: Favorable or Unfavorable Favorable or Unfavorable Favorable or Unfavorable Direct Labor