Question 2 Lewis Company's standard labor cost of producing one unit of Product DD is 3.90 hours at the rate of $10.00 per hour. During August, 41,200 hours of labor are incurred at a cost of $10.20 per hour to produce 10,500 units of Product DD. (a) Compute the total labor variance. Total labor variance (b) Compute the labor price and quantity variances. Labor price variance $ Labor quantity variance $ (c) Compute the labor price and quantity variances, assuming the standard is 4.20 hours of direct labor at $10.40 per hour. Labor price variance $ Labor quantity variance $ Click if you would like to Show Work for this question: Open Show Work