During January, Ajax Co. incurs 1,850 hours of direct labor at an hourly cost of $11.80 in producing 1,000 units of its finished product. Ajax standard labor cost per unit of output is $22 (2 hours x $11.00). Compute the total, price, and quantity labor variances for Ajax Co. for January. Identify whether the variance is favorable or unfavorable?

Total Labor Variance		$	Not ApplicableUnfavorableFavorable
Labor Price Variance		$	FavorableUnfavorableNot Applicable
Labor Quantity Variance		$	FavorableNot ApplicableUnfavorable