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Ivanhoe Company's standard labour cost per unit of output is $28 ( 2 hours $14.10 per hour). During August, the company incurs 2,710 hours of
Ivanhoe Company's standard labour cost per unit of output is $28 ( 2 hours $14.10 per hour). During August, the company incurs 2,710 hours of direct labour at an hourly cost of $13.90 per hour in making 1,300 units of finished product. Calculate the total, price, and quantity labour variances. (Round per unit calculations to 2 decimal places, e.g. 1.25 and final answers to 0 decimal places, e.g. 125.)
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