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Compute the total, price, and quantity variances for labor assuming the following: Incurred hours of direct labor 2800 at a rate of $15.00 per hour.

Compute the total, price, and quantity variances for labor assuming the following:

Incurred hours of direct labor 2800 at a rate of $15.00 per hour.

Standard cost includes 5 hours of direct labor at $16.00 per hour.

The company produced 2,500 units.

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