67% 2:51 PM The following direct labor data pertain to the operations of Murray Industries for the month of November Standard labor rate Actual hours incurred $15.00 per hr. 9,000 The standard cost card shows that 2.5 hours are required to complete one unit of product. The actual labor rate incurred exceeded the standard rate by 10%. Four thousand units were manufactured in November. Calculate the price, quantity, and total labor variances. Identify whether the variance is favorable or unfavorable? Labor Price Variance Labor Quantity Variance Total Labor Variance eTextbook and Media List of Accounts Journalize the entries to record the labor variances (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation To record direct labor costs) Credit Debit Account Titles and Explanation (To record direct labor costs) To assign factory labor to jobs)