Marigold Companys standard labor cost of producing one unit of Product DD is 4 hours at the rate of $11.80 per hour. During August, 39,600 hours of labor are incurred at a cost of $11.95 per hour to produce 9,800 units of Product DD. (a) Compute the total labor variance.

Total labor variance

$enter the Total labor variance in dollars

select an option Neither favorable nor unfavorableFavorableUnfavorable

(b) Compute the labor price and quantity variances.

Labor price variance		$enter Labor price variance in dollars		select an option UnfavorableNeither favorable nor unfavorableFavorable
Labor quantity variance		$enter Labor quantity variance in dollars		select an option FavorableUnfavorableNeither favorable nor unfavorable

(c) Compute the labor price and quantity variances, assuming the standard is 4.1 hours of direct labor at $12.05 per hour.

Labor price variance		$enter Labor price variance in dollars		select an option FavorableUnfavorableNeither favorable nor unfavorable
Labor quantity variance		$enter Labor quantity variance in dollars		select an option