During January, Bridgeport Co. incurs 1,890 hours of direct labor at an hourly cost of $11.80 to produce 1,040 units of its finished product. Bridgeport's standard labor cost per unit of output is $22 (2 hours x $11.00). Compute the total, price, and quantity labor variances for Bridgeport Co. for January. Identify whether each variance is favorable or unfavorable. Total Labor Variance Labor Price Variance A 29,308 Favorable 10,608 Unfavorable Labor Quantity Variance $ 18,700 Favorable