Blue Companys standard labor cost of producing one unit of Product DD is 3.40 hours at the rate of $10.60 per hour. During August, 43,300 hours of labor are incurred at a cost of $10.80 per hour to produce 12,500 units of Product DD. (a) Compute the total labor variance.

Total labor variance

$enter the total labor variance in dollars

select a variance type UnfavorableFavorableNeither favorable nor unfavorable

(b) Compute the labor price and quantity variances.

Labor price variance		$enter a dollar amount		select a variance type UnfavorableFavorableNeither favorable nor unfavorable
Labor quantity variance		$enter a dollar amount		select a variance type UnfavorableFavorableNeither favorable nor unfavorable

(c) Compute the labor price and quantity variances, assuming the standard is 3.70 hours of direct labor at $11.00 per hour.

Labor price variance		$enter a dollar amount		select a variance type FavorableUnfavorableNeither favorable nor unfavorable
Labor quantity variance