4) Shep Corporation estimated it would produce 6,200 compost bins, though actual production was 6,000 during August. The standard labor cost is based on producing 2 bins per hour at \\( \\$ 18.00 \\) per hour. Actual cost per hour was \\( \\$ 18.40 \\) with a total labor cost of \\( \\$ 53,360 \\). Instructions Determine the amounts of the labor price and the labor quantity variances for August