Ch 26 Before Class Question 5 of 7 0.08/1 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Mordica Company's standard labor cost per unit of output is $36.00 (3.00 hours x $12.00 per hour). During August, the compar incurs 2.970 hours of direct labor at an hourly cost of $13.20 per hour in making 1,100 units of finished product Compute the total, price and quantity labor variances. (Round answers to 2 decimal places, eg. 52.75.) Total labor variance $ 363 Favorable Labor price variance $ 3,630 Favorable Labor quantity variance $ 3,267 Unfavorable