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Total Labor Variance Tico Inc. produces plastic bottles. Each bottle has a standard labor requirement of 0.015 hours. During the month of April, 480,000 bottles were produced using 13,000 labor hours @ $10.00. The standard wage rate is $7.00 per hour. Required: Calculate the total variance for production labor for the month of April. Enter amounts as positive numbers. If required, round your answer to the nearest cent. X Unfavorable Feedback Check My Work 1. Compute the actual costs = actual hours x actual rate 2. Compute the standard costs = nits produced x standard labor requirement per unit) x standard rate 3. Compare the two to determine if the difference is favorable or unfavorable Review the "How to Calculate the Total Variance for Labor" example in your text