Exercise Mordica Company's standard labor cost per unit of output is $20.52 (1.80 hours x $11.40 per hour). During August, the company incurs 2,049 hours of direct labor at an hourly cost of $11.46 per hour in making 1,100 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.) Total labor variance Labor price variance Labor quantity variance Click if you would like to Show Work for this question: Open Show Work