Current Attempt in Progress Your answer is partially correct. Sheridan Company's standard labor cost per unit of output is $36.00 (3.00 hours x $12 per hour). During August, the company incurs 2,970 hours of direct labor at an hourly cost of $13.20 per hour in making 1,100 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.) Total labor variance Labor price variance Labor quantity variance $ 396 i Favorable 3564 i Unfavorable 5610 Favorable