Russell and Sons, a CPA firm, established the following standard labor cost data for completing what the firm referred to as a Class 2 tax return. Russell expected each Class 2 return to require 3.3 hours of labor at a cost of $39 per hour. The firm actually completed 650 returns. Actual labor hours averaged 2.9 hours per return and actual labor cost amounted to $49 per hour. Required a. Determine the total labor variance and indicate whether it is favorable (F) or unfavorable (U) b. Determine the labor price variance and indicate whether it is favorable (F) or unfavorable (U). c. Determine the labor usage variance and indicate whether it is favorable (F) or unfavorable (U). (For all requirements, do not round intermediate calculations and select "None" if there is no effect (i.e., zero variance).) Total labor variance a b. Total labor price variance C. Total labor usage variance Solomon Company makes a product that sells for $31 per unit. The company pays $21 per unit for the variable costs of the product and incurs annual fixed costs of $93,000. Solomon expects to sell 23,000 units of product. Required Determine Solomon's margin of safety expressed as a percentage. (Round your answer to 2 decimal places. (i.e., .2345 should be entered as 23.45)) % Margin of safety