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Novak Company's standard labor cost per unit of output is $22.00 ( 2.00 hours x$11.00 per hour). During August, the company incurs 2,640 hours of
Novak Company's standard labor cost per unit of output is $22.00 ( 2.00 hours x$11.00 per hour). During August, the company incurs 2,640 hours of direct labor at an hourly cost of $9.90 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.)
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