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Maria Company's standard labor cost per unit of output is $18.00 ( 2.00 hours $9.00 per hour). During August, the company incurs 2,520 hours of
Maria Company's standard labor cost per unit of output is $18.00 ( 2.00 hours $9.00 per hour). During August, the company incurs 2,520 hours of direct labor at an hourly cost of $8.80 per hour in making 1,220 units of finished product. Compute the total, price, and quantity labor variances. (Round per unit values to 2 decimal places, eg. 52.75 and final answers to 0 decimal places, eg. 52.)
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