Brief Exercise 11-5 Mordica Company's standard labor cost per unit of output is $24.20 (2.20 hours x $11.00 per hour). During August, the company incurs 2,420 hours of direct labor at an hourly cost of $12.10 per hour in making 1,000 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.) Total labor variance o Labor price variance o Labor quantity variance to Click if you would like to Show Work for this question: Open Show Work