14. Whispering Companys standard labor cost of producing one unit of Product DD is 3.20 hours at the rate of $13.80 per hour. During August, 41,200 hours of labor are incurred at a cost of $14.00 per hour to produce 12,600 units of Product DD. (a) Compute the total labor variance.

Total labor variance

$________________

select a variance type: Neither favorable nor unfavorable, Favorable, Or Unfavorable

(b) Compute the labor price and quantity variances.

Labor price variance		$_____________		select a variance type: Neither favorable nor unfavorable, Favorable, Or Unfavorable
Labor quantity variance		$_____________		select a variance type: Neither favorable nor unfavorable, Favorable, Or Unfavorable

(c) Compute the labor price and quantity variances, assuming the standard is 3.60 hours of direct labor at $14.10 per hour.

Labor price variance		$________________		select a variance type: Neither favorable nor unfavorable, Favorable, Or Unfavorable
Labor quantity variance		$________________		select a variance type: Neither favorable nor unfavorable, Favorable, Or Unfavorable