Chigo Company's standard labor cost per unit of output is $22.00 (2.00 hours x $11.00 per hour). During August, the company incurs 2,420 hours of direct labor at an hourly cost of $12.10 per hour in making 1,100 units of the finished product. (Hint: 2,420 hours are actual hours of labor used. Calculate the standard quantity which is the amount of time required for production by multiplying the number of units produced and the number of hours required for each unit of production.)

Responses

	Variances	Favorable / Unfavorable
Total labor variance	$
Labor rate variance	$
Labor time variance	$