Question 43 of 50 -/8 View Policies Current Attempt in Progress Blue Spruce Company provided the following information about its standard costing system for 2022 Standard Data 10 lbs. @ 54 per lbs Materials Actual Data Produced 4,020 units Materials purchased 50,200 lbs. costing $215,860 Labor 3 hrs. @$21 per hr Budgeted production 3,520 units Materials used 41.200 lbs Lbor worked 11.040 hrs.costine $220,800 Calculate the labor price variance and the labor quantity variance. Identity whether each variance is favorable or unfavorable $ Labor Price Variance C $ Labor Quantity Variance C eTextbook and Media Safor Later Attempts: 0 of 1 used Submit Any