Co. incurs 2,030 hours of direct labor at an hourly cost of $11.80 to produce 1.100 units of its finished product. Concord's standard labor cost per unit of output is $22 (2 hours x $11.00). Compute the total, price, and quantity labor variances for Concord Co. for January. Identify whether each variance is favorable or unfavorable. Total Labor Variance Labor Price Variance Labor Quantity Variance

Uning Janury, Concord Co. incurs 2.030 hours of direct labor at an hourly cost of $11.80 to produce 1.100 units of its finished Compute the total, price, and quantity labor variances for Concord Co. for January. Identify whether each variance is favorable or unfavorable. Uning Janury, Concord Co. incurs 2.030 hours of direct labor at an hourly cost of $11.80 to produce 1.100 units of its finished Compute the total, price, and quantity labor variances for Concord Co. for January. Identify whether each variance is favorable or unfavorable