Brtdgeport Compamy's standard Iabor cost of producing one unit of Product DD is 4 hnurs at the rate of 534.60 per hour, Dering Augut, 50,800 hoves of boor are incurred at a cost of $14.75 per hour to produce 12,800 units of Product po Compute the labor price and quantity variances, assuming the standard is 4.1 hours of direct labor at 514 . 15 per hour. Latwor price variance Labor quantity variance