Scheer Company's standard labor cost of producing one unit of Product DD is 4 hours at the rate of $12.00 per hour. During August, 40,800 hours of labor are incurred at a cost of $12.10 per hour to produce 10,000 units of Product DD. Compute the total labor variance. $ FavorableUnfavorable Compute the labor price and quantity variances. Labor price variance $ UnfavorableFavorable Labor quantity variance $ UnfavorableFavorable Repeat the previous question, assuming the standard is 4.2 hours of direct labor at $12.25 per hour. Labor price variance $ UnfavorableFavorable Labor quantity variance $ UnfavorableFavorable Click here if you would like to Show Work for this question