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Mordica Companys standard labor cost per unit of output is $30.00 (2.50 hours x $12.00 per hour). During August, the company incurs 2,925 hours of
Mordica Companys standard labor cost per unit of output is $30.00 (2.50 hours x $12.00 per hour). During August, the company incurs 2,925 hours of direct labor at an hourly cost of $10.80 per hour in making 1,300 units of finished product.
Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.)
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