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Mordica Companys standard labor cost per unit of output is $33.60 (3.00 hours x $11.20 per hour). During August, the company incurs 3,045 hours of
Mordica Companys standard labor cost per unit of output is $33.60 (3.00 hours x $11.20 per hour). During August, the company incurs 3,045 hours of direct labor at an hourly cost of $11.70 per hour in making 1,000 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.) Total labor variance $ Labor price variance $ Labor quantity variance $
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