Ivanhoe Company's standard labor cost of producing one unit of Product DD is 3.60 hours at the rate of $14.00 per hour. During August, 43,900 hours of labor are incurred at a cost of $14.20 per hour to produce 12.100 units of Product DD () Compute the total labor variance Total labor variance $ (b) Compute the labor price and quantity variances Labor price variance 5 Labor quantity variance S (c) Compute the labor price and quantity variances, assuming the standard is 4.0 hours of direct labor at $14.40 per hour. Labor price variance 5 Labor quantity variance S eTextbook and Media