Compute labor md manufacturing overhead vanances (s0 4, 5) Do it! 25-3 The standard cost of product 2525 includes 2 hours of direct labor at $14.00 per hour. The predetermined overhead rate is $21.00 pany incurred 4.100 hours of direct labor at an average rate of $14.40 per hour and $81.300 of manufacturing overhead costs. It produced 2,000 units (a) Compute the total. price, and quantity variances for labor. (b) Compute the total overhead variance per direct labor hour. During July, the com