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During January, Indigo Co . incurs 2 , 0 6 0 hours of direct labor at an hourly cost of $ 1 1 . 8

During January, Indigo Co. incurs 2,060 hours of direct labor at an hourly cost of $11.80 to produce 1,120 units of its finished product. Indigo's standard labor cost per unit of output is $22(2 hours $11.00).
Compute the total, price, and quantity labor variances for Indigo Co. for January. Identify whether each variance is favorable or unfavorable.
Total Labor Variance
Labor Price Variance
Labor Quantity Variance
$
$
$
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