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Ayayai Company's standard labor cost of producing one unit of Product DD is 4 hours at the rate of $14.00 per hour. During August, 48,400
Ayayai Company's standard labor cost of producing one unit of Product DD is 4 hours at the rate of $14.00 per hour. During August, 48,400 hours of labor are incurred at a cost of $14.15 per hour to produce 12,000 units of Product DD. (a) Compute the total labor variance. Total labor variance $ (b) Compute the labor price and quantity variances. Labor price variance $ Labor quantity variance $ (c) Compute the labor price and quantity variances, assuming the standard is 4.1 hours of direct labor at $14.25 per hour. Labor price variance $ Labor quantity variance $
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