Mordica Company's standard labor cost per unit of output is $33.00 (3.00 hours x $11.00 per hour). During August, the company incurs 3,960 hours of direct labor at an hourly cost of $12.10 per hour in making 1,200 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 s Labor quantity variances Exercise 26-07 Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (10 pounds at $1.50 per pound) Direct labor (5 hours at $13.00 per hour) During the month of April, the company manufactures 180 units and incurs the following actual costs. Direct materials purchased and used (2,500 pounds) Direct labor (930 hours) Compute the total, price, and quantity variances for materials and labor. $15.00 $65.00 $11,904 Total materials variance Materials price variance Materials quantity variance Total labor variance Labor price variance Labor quantity variance