Exercise 25-6 Cherie Company?s standard labor cost of producing one unit of Product DD is 4.00 hours at the rate of $12.00 per hour. During August, 40,800 hours or labor are incurred at a cost of $12.10 per hour to produce 10,000 units of Product DD. (a) Compute the total labor variance. Total labor variance $ 9 (b) Compute the labor price and quantity variances. Labor price variance $ Labor quantity variance $ (c) Repeat (b), assuming the standard is 4.20 hours or direct labor at $12.25 per hour. Labor price variance $ 9 Labor quantity variance $