Brief Exercise 23-5

Mordica Companys standard labor cost per unit of output is $21.21 (2.10 hours x $10.10 per hour). During August, the company incurs 2,633 hours of direct labor at an hourly cost of $10.35 per hour in making 1,200 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.)

Brief Exercise 23-5 Mordica Company's standard labor cost per unit of output is $21.21 (2.10 hours x $10.10 per hour). During August, the company incurs 2,633 hours of direct labor at an hourly cost of $10.35 per hour in making 1,200 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 Labor price variance s Labor quantity variance Click if you would like to Show Work for this