(C) Cyric Company's labor standard for one unit of a given product is 12 hours, and the standard rate for for one hour of labor is $70. The company had a plan to make 250 units of the product, but actually made 300 units and incurred $256,000 labor cost. 4. How much labor cost should have been incurred? 5. How much is the spending (total) variance? Favorable or unfavorable