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Mordica Companys standard labor cost per unit of output is $25.07 (2.30 hours x $10.90 per hour). During August, the company incurs 2,505 hours of
Mordica Companys standard labor cost per unit of output is $25.07 (2.30 hours x $10.90 per hour). During August, the company incurs 2,505 hours of direct labor at an hourly cost of $10.85 per hour in making 1,100 units of finished product. Compute the total, price, and quantity labor variances.
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