Mordica Companys standard labor cost per unit of output is $32.40 (2.70 hours x $12.00 per hour). During August, the company incurs 2,970 hours of direct labor at an hourly cost of $10.80 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.)

		enter a dollar amount rounded to 2 decimal places		select an option UnfavorableNeither favorable nor unfavorableFavorable
		enter a dollar amount rounded to 2 decimal places		select an option Neither favorable nor unfavorableUnfavorableFavorable
		enter a dollar amount rounded to 2 decimal places		select an option UnfavorableNeither favorable nor unfavorableFavorable