Question
Mordica Company's standard labor cost per unit of output is $33.00(3.00hours x $11.00per hour). During August, the company incurs4,290hours of direct labor at an hourly
Mordica Company's standard labor cost per unit of output is $33.00(3.00hours x $11.00per hour). During August, the company incurs4,290hours of direct labor at an hourly cost of $12.10per hour in making1,300units of finished product.
Compute the total, price, and quantity labor variances.(Round answers to 2 decimal places, e.g. 52.75.)
Total labor variance$
enter a dollar amount rounded to 2 decimal places
select an option
Unfavorable
Favorable
Neither favorable nor unfavorable
Labor price variance$
enter a dollar amount rounded to 2 decimal places
select an option
Unfavorable
Neither favorable nor unfavorable
Favorable
Labor quantity variance$
enter a dollar amount rounded to 2 decimal places
select an option
Unfavorable
Neither favorable nor unfavorable
Favorable
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