Flounder Company's standard labor cost per unit of output is $30.52 (2.80 hours x $10.90 per hour). During August, the company incurs 2,972 hours of direct labor at an hourly cost of $11.12 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

$

enter a dollar amount rounded to 2 decimal places

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Labor price variance

$

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Labor quantity variance

$

enter a dollar amount rounded to 2 decimal places

select an option