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Blossom Company standard labor cost of producing one unit of Product DD is 3 . 4 hours at the rate of $ 1 0 .

Blossom Company standard labor cost of producing one unit of Product DD is 3.4 hours at the rate of $10.5 per hour. During August, 42,900 hours of labor are incurred at a cost of $10.70 per hour to produce 12,400 units of Product DD.
(a)
Compute the total labor variance.
Total labor variance $
Neither favorable nor unfavorable
Unfavorable
Favorable
(b)
Compute the labor price and quantity variances.
Labor price variance $
Neither favorable nor unfavorable
Unfavorable
Favorable
Labor quantity variance $
Unfavorable
Favorable
Neither favorable nor unfavorable
(c)
Compute the labor price and quantity variances, assuming the standard is 3.6 hours of direct labor at $10.85 per hour.
Labor price variance $
Unfavorable
Neither favorable nor unfavorable
Favorable
Labor quantity variance $
Unfavorable
Neither favorable nor unfavorable
Favorable
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