Question 4 of 7 - 12 View Policies Current Attempt in Progress Mordica Company's standard labor cost per unit of output is $24.20 (2.20 hours x $11.00 per hour). During August, the company incurs 2,420 hours of direct labor at an hourly cost of $12.10 per hour in making 1,000 units of finished product. Compute the total price and quantity labor variances. (Round answers to 2 decimal places, eg. 5275.) Total labor variance Labor price variance $ Labor quantity variance $ Neither favorable nor unfavorable Favorable Unfavorable Save for Later Attempts: 0 of 7 used Submit