Brief Exercise 26-03 Labor data for making one gallon of finished product in Bing Company are as follows 1 Price hourly wage rate $1 10 paro Quantity-actual production time 1.50 hours, rest periods and cleanup 0.30 hours, and setup and downtime 0.20 hours. acesS and fringe benefits S. 40, Compute the following. (Round answers to 2 decimal places, e.g. 1.25.) (a) Standard direct labor rate per hour. (b) Standard direct labor hours per gallon. (c) Standard labor cost per gallon. hours Simba Company's standard materials cost per unit of output is $9.89 (2.30 pounds x $4.30). During July, the company purchases and uses 2,070 pounds of materials costing $10,971 in making 1,000 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to O decimal places, e.g.52.) Total materials variance Materials price variance Materials quantity variance $ Mordica Company's standard labor cost per unit of output is $33.00 (3.00 hours x $11.00 per hour). During August, the company incurs 3,960 hours of direct labor at an hourly cost of $12.10 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 variances Labor quantity variance s