Do It! Review 23-3 The standard cost of product 5252 includes 1.90 hours of direct labor at $12.00 per hour. The predetermined overhead rate is $22.00 per direct labor hour. During July, the company incurred 4,000 hours of direct labor at an average rate of $12.30 per hour and $80,700 of manufacturing overhead costs. It produced 2,000 units. (a) Compute the total, price, and quantity variances for labor. Total labor variance Labor price variance Labor quantity variance $ (b) Compute the total overhead variance. Total overhead variance Click if you would like to Show Work for this question: Open Show Work