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Russell and Sons, a CPA firm, established the following standard labor cost data for completing what the firm referred to as a Clas tax return.

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Russell and Sons, a CPA firm, established the following standard labor cost data for completing what the firm referred to as a Clas tax return. Russell expected each Cless 2 return to require 3.8 hours of labor at a cost of $43 per hour. The firm actually complete 690 returns. Actual tabor hours averaged 3.3 hours per return and actual labor cost amounted to $53 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 (ie, zero variance).) 50 Totaltabor variance Total labor price range Total bor usage vanno

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