Lewis Company's standard labor cost of producing one unit of Product DD is 3.4 hours at the rate of $13.8 per hour. During August, 43,700 hours of labor are incurred at a cost of $14.00 per hour to produce 12,600 units of Product DD. Total labor variance s Compute the labor price and quantity variances Labor price variance s Labor quantity variance Compute the labor price and quantity variances, assuming the standard is 3.8 hours of direct labor at $14.20 per hour Labor price variance Labor quantity variance