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During January, Novak Co. incurs 1,960 hours of direct labor at an hourly cost of $11.80 to produce 1,070 units of its finished product. Novaks

During January, Novak Co. incurs 1,960 hours of direct labor at an hourly cost of $11.80 to produce 1,070 units of its finished product. Novaks standard labor cost per unit of output is $22 (2 hours x $11.00). Compute the total, price, and quantity labor variances for Novak Co. for January. Identify whether each variance is favorable or unfavorable.

Total Labor Variance

$enter a dollar amount

select an option Not ApplicableUnfavorableFavorable

Labor Price Variance

$enter a dollar amount

select an option Not ApplicableFavorableUnfavorable

Labor Quantity Variance

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