Exercise 23-6 Lewis Company's standard labor cost of producing one unit of Product DD is 3.1 hours at the rate of $12.7 per hour. During August, 42,200 hours of labor are incurred at a cost of $12.80 per hour to produce 13,500 units of Product DD Compute the total labor variance Total labor variance Compute the labor price and quantity variances. Labor price variance s Labor quantity variance$ Compute the labor price and quantity variances, assuming the standard is 3.4 hours of direct labor at $12.95 per hour. Labor price variances Labor quantity variance s