Exercise 11-6 Lewis Company's standard labor cost of producing one unit of Product DD is 3.8 hours at the rate of $10.3 per hour. During August, 40,200 hours of labor are incurred at a cost of $10.50 per hour to produce 10,500 units of Product DD Compute the total labor variance. Total labor variance Compute the labor price and quantity variances. Labor price variance Labor quantity variance s Compute the labor price and quantity variances, assuming the standard is 4.2 hours of direct labor at $10.70 per hour. Labor price variance Labor quantity variances