Exercise 25-6 Lewis Company's standard labor cost of producing one unit of Product DD is 3.8 hours at the rate of $10.9 per hour. During August, 41,500 hours of labor are incurred at a cost of $11.05 per hour to produce 10,800 units of Product DD Compute the total labor variance Total labor variance s Compute the labor price and quantity variances. Labor price variance $ Labor quantity variances Compute the labor price and quantity variances, assuming the standard is 4.1 hours of direct labor at $11.20 per hour Labor price variance Labor quantity variance Click if you would like to Show Work for this question: Open Show Work