Ex. 208 Spaulding, Inc. uses standard costing for its one product, baseball bats. The standards call for 3 board-feet of wood at $1.40 per board-foot, and 45 minutes of work at $12 per hour per bat. Total manufacturing overhead costs were estimated at $5,250, of which the variable portion was $0.50 per bat and the fixed portion was $0.75 per bat with an estimate of 4,200 bats to be produced. Spaulding identifies price variances at the earliest possible point in time. During March, the company had the following results: Direct labor used = 3,200 hours at a cost of $37,760 Actual manufacturing overhead fixed costs = $3,000 Actual manufacturing overhead variable costs = $2,050 Bats produced = 4,000 Instructions Compute the following variances for March 1. Labor quantity variance 2. Total labor variance