Current Attempt in Progress Lewis Company's standard labor cost of producing one unit of Product DD is 3.10 hours at the rate of $ 12.50 per hour. During August. 42.000 hours of labor are incurred at a cost of $1230 per hour to produce 13,400 units of Product DD. {9) Compute the total labor variance. II' Total labor varianoe $ {b} Compute the labor price and quantity variances. i. Labor price variance $ ' I 1. Labor quantityvariance $ ' I {:1 Compute the labor price and quantity varianoes. assuming the standard is 3.30 hours of direct labor at $ 12.90 per hour. 1. Labor price variance $ ' I '5 Labor quantityvariance $