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Lewis Companys 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

Lewis Companys 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. (a) Compute the total labor variance.

enter the Total labor variance in dollars select an option FavorableNeither favorable nor unfavorableUnfavorable

(b) Compute the labor price and quantity variances.

enter a dollar amount select an option FavorableUnfavorableNeither favorable nor unfavorable
enter a dollar amount select an option Neither favorable nor unfavorableUnfavorableFavorable

(c) Compute the labor price and quantity variances, assuming the standard is 4.00 hours of direct labor at $14.40 per hour.

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