Question 7 The following direct labor data pertain to the operations of Pearce Corp. for the month of November: Actual labor rate $12.25 per hr. Actual hours used 18,000 Standard labor rate $12.00 per hr. Standard hours allowed 17,100 Calculate the labor variances. Identify whether the variance is favorable or unfavorable? Labor Price Variance $ Labor Quantity Variance $ Total Labor Variance $ Click if you would like to Show Work for this question: Dren Show Work